FIRST INTERSTATE BANCSYSTEM INC — Director's Dealing 2013

Nov 18, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST INTERSTATE BANCSYSTEM INC (FIBK)
CIK: 0000860413
Period of Report: 2013-11-14

Reporting Person: GUENTHNER KEVIN (SVP & Chief Infor. Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-11-14	Class A Common Stock	C	2897	$0.00	Acquired	19274	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-11-14	Stock Options	$20.87	M	12000	Disposed	2018-02-15	Class B Common Stock (12000)	Direct
2013-11-14	Stock Options	$20.62	M	12000	Disposed	2017-01-25	Class B Common Stock (12000)	Direct
2013-11-14	Class B Common Stock	$0.00	M	24000	Acquired	2029-12-31	Class A Common Stock (24000)	Direct
2013-11-14	Class B Common Stock	$0.00	F	21103	Disposed	2029-12-31	Class A Common Stock (21103)	Direct
2013-11-14	Class B Common Stock	$0.00	C	2897	Disposed	2029-12-31	Class A Common Stock (2897)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	8760	Indirect

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 intial public offering of the Class A shares commenced March 23, 2010. 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: The price reported in Column 8 of Table II is a weighted average price. These shares of Class B stock were purchased in mutliple transactions at prices ranging from $20.62 to $20.87. Reporting person understakes to provide First Interstate BancSystem, Inc., any security holder of First Interstate BancSytem, Inc., or the staff of the Securities and Exchange Commision, upon request, full information regaring number of shares purchased at each separate price within the range set forth in this Form 4.

F3: Includes 19,655 shares for payment of option exercise price and 1,448 shares for payment of taxes, valued at $25.33 per share.