SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* BRUNNGRABER ERIC H (Last) (First) (Middle) 13001 HOLLENBERG DRIVE (Street) BRIDGETON MO 63044 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol CASS INFORMATION SYSTEMS INC [ CASS ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner X Officer (give title below) Other (specify below) President, COO
	3. Date of Earliest Transaction (Month/Day/Year) 01/22/2008
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								24,800(4)	D
Common Stock(1)								8,354(3)	D
Common Stock(1)	01/22/2008		A		4,556	A	$0	12,910	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	$9.091(5)							01/04/2010(2)	01/04/2010	Common Stock	7,350		7,350(5)	D
Employee Stock Option (right to buy)	$12.232(5)							01/03/2011(2)	01/03/2011	Common Stock	3,985		3,985(5)	D
Employee Stock Option (right to buy)	$14.747(5)							01/02/2012(2)	01/02/2012	Common Stock	2,200		2,200(5)	D
Employee Stock Option (right to buy)	$20.666(5)							01/02/2013(2)	01/02/2013	Common Stock	5,425		5,425(5)	D
Stock Appreciation Rights	$28.41	01/22/2008		A		16,920		01/22/2009(6)	01/22/2018	Common Stock	16,920	$0	16,920	D

Explanation of Responses:

1. Restricted stock bonus award; over a three year vesting period, restrictions expire in one-third increments on the anniversary date of the award.

2. Exercisable date may be accelerated based on Company performance.

3. In December 2007, Cass Information Systems, Inc. declared a 10% stock dividend, resulting in the reporting person's acquisition of 760 additional shares of common stock.

4. In December 2007, Cass Information Systems, Inc. declared a 10% stock dividend, resulting in the reporting person's acquisition of 2,255 additional shares of common stock.

5. Adjusted for 10% stock dividend declared by Cass Information Systems, Inc. in December 2007.

6. Over a three year vesting period, SARs become exercisable in one-third increments on the anniversary date of the grant.

	/s/ Eric H. Brunngraber	01/24/2008
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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