Sec Form 4 Filing - Singh Ronald D @ HMS HOLDINGS CORP - 2013-03-14

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 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 Singh Ronald D 2. Issuer Name and Ticker or Trading Symbol HMS HOLDINGS CORP [ HMSY] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) EVP, Managed Care (Last) (First) (Middle) 401 PARK AVENUE SOUTH 3. Date of Earliest Transaction (MM/DD/YY) 03/14/2013 (Street) NEW YORK, NY10016 4. If Amendment, Date Original Filed (MM/DD/YY) 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 03/14/2013 M 25,000 A $ 7.9966 37,230 ( 1 ) D Common Stock 03/14/2013 S 25,000 D $ 30.89 12,230 ( 1 ) 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 Non Qualified Stock Option (Right to Buu) $ 7.9966 03/14/2013 M 25,000 10/01/2008( 2 ) 09/30/2015 Common Stock 25,000 $ 0 0 ( 3 ) D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Singh Ronald D 401 PARK AVENUE SOUTH NEW YORK, NY10016 EVP, Managed Care Signatures /s/ Ronald D. Singh 03/14/2013 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Includes 5,219 restricted stock units (RSUs) granted on February 27, 2013, which vest ratably over three years commencing on the first anniversary date of grant. Also includes: (i) 1,728 RSUs granted on October 1, 2010 and (ii) 3,644 RSUs granted on October 1, 2011 and (iii)1,619 RSUs granted on October 5, 2012. ( 2 )Date shown is grant date. Fifty percent of these options vested annually in 1/3 increments over a period of three years commencing on December 31, 2009. The remaining fifty percent, vested on December 31, 2011 based on the Issuer's achievement of certain pre-defined performance criteria and the Reporting Person's satisfaction of certain service conditions. ( 3 )Only represents derivitive securities in this class.

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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