FIRST INTERSTATE BANCSYSTEM INC — Director's Dealing 2014

May 5, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST INTERSTATE BANCSYSTEM INC (FIBK)
CIK: 0000860413
Period of Report: 2014-05-01

Reporting Person: EBZERY WILLIAM B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-01	Class A Common Stock	M	2400	$13.12	Acquired	102400	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-01	Stock Options	$13.12	M	2400	Disposed	2014-05-27	Class B Common Stock (2400)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	23750	Indirect

Footnotes

F1: Simultaneous with exercise of stock options, an election was made to immediately convert Class B commons shares received to Class A common shares. In addition, immediately subsequent to the receipt of Class A shares pursuant to the option exercise, the form of beneficial ownership changed from direct to indirect by trust.