FISERV INC — Director's Dealing 2011

Feb 25, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FISERV INC (FISV)
CIK: 0000798354
Period of Report: 2011-02-23

Reporting Person: YABUKI JEFFERY W (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-23	Common Stock	A	13785	—	Acquired	159597	Direct
2011-02-23	Common Stock	F	2837	$61.71	Disposed	156760	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-23	Stock Option (right to buy)	$61.71	A	164595	Acquired	2021-02-23	Common Stock (164595)	Direct
2011-02-23	Stock Option (right to buy)	$54.21	A	8609	Acquired	2018-02-27	Common Stock (8609)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1000	Indirect

Footnotes

F1: One-third of these restricted stock units vest on the second anniversary of the grant date and an additional one-third will vest on each of the third and fourth anniversaries of the grant date.

F2: Includes 492 shares acquired under Fiserv, Inc Employee Stock Purchase Plan.

F3: Reflects payment of tax liability by withholding securities incident to vesting of restricted stock awards.

F4: By the Yabuki Family Foundation of which Mr. Yabuki serves as trustee.

F5: One-third of these options vest on each anniversary of the grant date.

F6: On February 27, 2008, the reporting person was granted an option to purchase 36,894 shares of common stock. The options vest in 2011 subject to Fiserv's achievement of annual or cumulative cost synergy goals and annual or cumulative internal revenue growth goals. The performance criteria with respect to the cost synergy goal for 2010 was achieved. Accordingly, 7/30 of the award was earned.