FIRST INTERSTATE BANCSYSTEM INC — Director's Dealing 2010

Nov 19, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST INTERSTATE BANCSYSTEM INC (FIBK)
CIK: 0000860413
Period of Report: 2010-11-18

Reporting Person: MOORE TERRILL R (Exec. Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-18	Class A Common Stock	C	8800	$0.00	Acquired	8800	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-18	Class B Common Stock	$0.00	C	8800	Disposed	2029-12-31	Class A Common Stock (8800)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	48092	Direct
Class A Common Stock	1000	Indirect
Class A Common Stock	16572	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock	$0.00	2029-12-31	Class A Common Stock (10196)	10196	Direct

Footnotes

F1: On March 5, 2010, the Company recapitalized its existing common stock. The recapitalization included, among other things, a redesignation of existing common stock as Class B common stock, a four-for-one split of Class B common stock, and the creation of a new class of common stock designated as Class A common stock, which is listed on the NASDAQ stock market under the symbol "FIBK". The Class B Common Stock is convertible at any time into Class A Common stock on a share for share basis at the descretion of the holder. The conversion feature of the Class B common stock does not expire.

F2: Includes 6,220 shares subject to vesting upon achievement of specified performance goals and 3,976 shares subject to time vesting.