FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * Reeg Robert   2. Issuer Name and Ticker or Trading Symbol MASTERCARD INC [MA] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Pres., MasterCard Technologies (Last) (First) (Middle) 2200 MASTERCARD BOULEVARD 3. Date of Earliest Transaction (Month/Day/Year) 05/11/2011 (Street) O'FALLON, MO 63366 4. If Amendment, Date 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 (City) (State) (Zip) 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 Class A Common Stock 05/11/2011   M   1,058 A $ 39 14,578 D   Class A Common Stock 05/11/2011   M   1,890 A $ 106.29 16,468 D   Class A Common Stock 05/11/2011   M   1,431 A $ 190 17,899 D   Class A Common Stock 05/11/2011   M   2,894 A $ 158.03 20,793 D   Class A Common Stock 05/11/2011   S   6,753 D $ 280.6863 (5) 14,040 D   Class A Common Stock 05/11/2011   S   520 D $ 281.4776 13,520 D   Class A Common Stock 05/11/2011   S   2,200 D $ 281.06 (6) 11,320 D   Class A Common Stock 05/11/2011   S   3,200 D $ 280.7311 (7) 8,120 D

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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 Underlying Securities (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 of Derivative Security: 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)

$ 39

05/11/2011

M

1,058

(1)

05/25/2016

Class A Common Stock

1,058

$ 0

0

D

Employee Stock Option (right to buy)

$ 106.29

05/11/2011

M

1,890

(2)

03/01/2017

Class A Common Stock

1,890

$ 0

0

D

Employee Stock Option (right to buy)

$ 190

05/11/2011

M

1,431

(3)

03/01/2018

Class A Common Stock

1,431

$ 0

477

D

Employee Stock Option (right to buy)

$ 158.03

05/11/2011

M

2,894

(4)

03/01/2019

Class A Common Stock

2,894

$ 0

2,894

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Reeg Robert 2200 MASTERCARD BOULEVARD O'FALLON, MO 63366			Pres., MasterCard Technologies

Signatures

/s/ Bart Goldstein attorney in fact for Robert Reeg pursuant to power of attorney dated May 22, 2008		05/13/2011
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	The reporting person was awarded 4,232 options on May 25, 2006.
(2)	The reporting person was awarded 3,780 options on March 1, 2007.
(3)	The reporting person was awarded 1,908 options on March 1, 2008. The remaining 477 employee stock options from this award will vest on March 1, 2012.
(4)	The reporting person was awarded 5,788 options on March 1, 2009. The remaining 2,894 employee stock options from this award will vest in two equal annual installments beginning on March 1, 2012
(5)	Represents the weighted average price for price increments ranging from $280.3300 to $280.9970.
(6)	Represents the weighted average price for price increments ranging from $281.0500 to $281.0700.
(7)	Represents the weighted average price for price increments ranging from $280.600 to $280.9300.

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