FISERV INC — Director's Dealing 2011

Feb 9, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FISERV INC (FISV)
CIK: 0000798354
Period of Report: 2011-02-07

Reporting Person: DILLON DONALD F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-07	Common Stock	M	211581	$37.042	Acquired	1967626	Direct
2011-02-07	Common Stock	S	211581	$60.299	Disposed	1756045	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-07	Stock Option (right to buy)	$37.042	M	211581	Disposed	2011-02-14	Common Stock (211581)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	133750	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $60.00 to $60.79. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F2: By the Dillon Foundation of which Mr. Dillon serves as a trustee.

F3: This option vested in five equal installments beginning February 14, 2001 and is due to expire February 14, 2011.