SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

WHEELER STEVEN E

(Last)

(First)

(Middle)

PO BOX 30918

(Street)

BILLINGS

59116

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/31/2011

3. Issuer Name and Ticker or Trading Symbol
FIRST INTERSTATE BANCSYSTEM INC [ FIBK ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Branch Administration Officer

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	9,180	I	By 401(k) Plan
Class A Common Stock	7,696	I	By IRA
Class A Common Stock	3,703	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Class B Common Stock - Unvested⁽¹⁾	03/02/2009⁽¹⁾	12/31/2029⁽¹⁾	Class B Common Stock	516	$0.00⁽¹⁾	D
Class B Common Stock - Unvested⁽¹⁾	02/05/2010⁽¹⁾	12/31/2029⁽¹⁾	Class B Common Stock	1,344	$0.00⁽¹⁾	D
Stock Options⁽²⁾	01/29/2003	01/29/2013	Class B Common Stock	4,000	$11.25	D
Stock Options⁽²⁾	02/06/2004	02/06/2014	Class B Common Stock	4,400	$12.37	D
Stock Options⁽²⁾	02/03/2005	02/03/2015	Class B Common Stock	5,000	$13.87	D
Stock Options⁽²⁾	01/26/2006	01/26/2016	Class B Common Stock	5,000	$17	D
Stock Options⁽²⁾	01/25/2007	01/25/2017	Class B Common Stock	5,200	$20.62	D
Stock Options⁽²⁾	02/15/2008	02/15/2018	Class B Common Stock	12,000	$20.87	D
Stock Options⁽³⁾	05/15/2010	05/15/2019	Class B Common Stock	4,600	$15.25	D
Stock Options⁽³⁾	02/12/2011	02/12/2020	Class B Common Stock	4,864	$15	D
Stock Options⁽³⁾	02/14/2012	02/14/2021	Class A Common Stock	4,327	$14.2	D

Explanation of Responses:

1. Shares issued for no consideration pursuant to the Registrant's 2006 Equity Compensation Plan. Shares vest in three equal portions on the first, second and third anniversaries of the grant date. Unvested shares do not expire once vested.

2. Stock options vest 25% on date of grant and 25% on each annual anniversary of grant date.

3. Stock options vest in equal portions on first, second and third anniversaries of grant date.

Remarks:

	STEVEN E. WHEELER	01/09/2012
	** 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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.