FIRST INTERSTATE BANCSYSTEM INC — Director's Dealing 2012

Jan 9, 2012

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: FIRST INTERSTATE BANCSYSTEM INC (FIBK)
CIK: 0000860413
Period of Report: 2011-12-31

Reporting Person: WHEELER STEVEN E (Branch Administration Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	9180	Indirect
Class A Common Stock	7696	Indirect
Class A Common Stock	3703	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock - Unvested	$0.00	2029-12-31	Class B Common Stock (516)		Direct
Class B Common Stock - Unvested	$0.00	2029-12-31	Class B Common Stock (1344)		Direct
Stock Options	$11.25	2013-01-29	Class B Common Stock (4000)		Direct
Stock Options	$12.37	2014-02-06	Class B Common Stock (4400)		Direct
Stock Options	$13.87	2015-02-03	Class B Common Stock (5000)		Direct
Stock Options	$17.00	2016-01-26	Class B Common Stock (5000)		Direct
Stock Options	$20.62	2017-01-25	Class B Common Stock (5200)		Direct
Stock Options	$20.87	2018-02-15	Class B Common Stock (12000)		Direct
Stock Options	$15.25	2019-05-15	Class B Common Stock (4600)		Direct
Stock Options	$15.00	2020-02-12	Class B Common Stock (4864)		Direct
Stock Options	$14.20	2021-02-14	Class A Common Stock (4327)		Direct

Footnotes

F1: Shares issued for no consideration pursuant to the Registrant's 2006 Equity Compensation Plan. Shares vest in three equal portions on the first, second and third anniversaries of the grant date. Unvested shares do not expire once vested.

F2: Stock options vest 25% on date of grant and 25% on each annual anniversary of grant date.

F3: Stock options vest in equal portions on first, second and third anniversaries of grant date.