CSG SYSTEMS INTERNATIONAL INC — Director's Dealing 2012

Feb 27, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CSG SYSTEMS INTERNATIONAL INC (CSGS)
CIK: 0001005757
Period of Report: 2012-02-23

Reporting Person: REZNICEK BERNARD W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-23	Common Stock	M	3333	$12.92	Acquired	36364	Direct
2012-02-23	Common Stock	M	8000	$10.48	Acquired	44364	Direct
2012-02-23	Common Stock	M	2700	$12.20	Acquired	47064	Direct
2012-02-23	Common Stock	S	14033	$16.31	Disposed	33031	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-23	Non-qualified Stock Option (Right to Buy)	$12.92	M	3333	Disposed	2012-08-22	Common Stock (3333)	Direct
2012-02-23	Non-qualified Stock Option (Right to Buy)	$10.48	M	8000	Disposed	2013-01-30	Common Stock (8000)	Direct
2012-02-23	Non-qualified Stock Option (Right to Buy)	$12.20	M	2700	Disposed	2013-05-12	Common Stock (2700)	Direct