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 * HAY JESS T   2. Issuer Name and Ticker or Trading Symbol MONEYGRAM INTERNATIONAL INC [MGI] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) PO BOX 239 3. Date of Earliest Transaction (Month/Day/Year) 06/04/2007 (Street) DALLAS, TX 75221-0239 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 Common Stock 06/04/2007   M   4,900 A $ 13.9671 19,253 D   Common Stock 06/04/2007   F   2,967 (1) D $ 29.455 16,286 D   Common Stock 06/04/2007   M   3,600 A $ 18.8687 19,886 D   Common Stock 06/04/2007   F   2,629 (2) D $ 29.455 17,257 D   Common Stock 06/04/2007   M   3,100 A $ 22.4616 20,357 D   Common Stock 06/04/2007   F   2,548 (3) D $ 29.455 17,809 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

Options (right to buy)

$ 13.9671

06/04/2007

M

4,900

08/21/1999

08/20/2007

Common Stock

4,900

$ 0

0

D

Options (right to buy)

$ 18.8687

06/04/2007

M

3,600

05/12/2000

05/11/2008

Common Stock

3,600

$ 0

0

D

Options (right to buy)

$ 22.4616

06/04/2007

M

3,100

05/11/2001

05/10/2009

Common Stock

3,100

$ 0

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
HAY JESS T PO BOX 239 DALLAS, TX 75221-0239	X

Signatures

Teresa H. Johnson on behalf of Jess T. Hay		06/06/2007
**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)	Of the 2,967 shares disposed, 2,323 previously owned shares were surrendered in connection with the exercise of the option and 644 previously owned shares were surrendered for payment of taxes.
(2)	Of the 2,629 shares disposed, 2,306 previously owned shares were surrendered in connection with the exercise of the option and 323 previously owned shares were surrendered for payment of taxes.
(3)	Of the 2,548 shares disposed, 2,363 previously owned shares were surrendered in connection with the exercise of the option and 185 previously owned shares were surrendered for payment of taxes.

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