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
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

WILLIE DAVIS
2. Issuer Name and Ticker or Trading Symbol

Fidelity National Financial, Inc. [ FNF ]
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)

161 NORTH LABREA
3. Date of Earliest Transaction (MM/DD/YYYY)

5/26/2011
(Street)

LOS ANGELES, CA 90301
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   5/26/2011     M    83457   A $2.6638   125217   D    
Common Stock   5/26/2011     S    13300   D $15.655   111917   D    
Common Stock   5/26/2011     S    157   D $15.675   111760   D    
Common Stock   5/26/2011     S    10700   D $15.68   101060   D    
Common Stock   5/26/2011     S    455   D $15.6815   100605   D    
Common Stock   5/26/2011     S    300   D $15.683   100305   D    
Common Stock   5/26/2011     S    27900   D $15.685   72405   D    
Common Stock   5/26/2011     S    200   D $15.687   72205   D    
Common Stock   5/26/2011     S    10345   D $15.69   61860   D    
Common Stock   5/26/2011     S    100   D $15.6901   61760   D    
Common Stock   5/26/2011     S    200   D $15.6902   61560   D    
Common Stock   5/26/2011     S    300   D $15.6903   61260   D    
Common Stock   5/26/2011     S    300   D $15.6915   60960   D    
Common Stock   5/26/2011     S    300   D $15.693   60660   D    
Common Stock   5/26/2011     S    3500   D $15.695   57160   D    
Common Stock   5/26/2011     S    100   D $15.6975   57060   D    
Common Stock   5/26/2011     S    5600   D $15.70   51460   D    
Common Stock   5/26/2011     S    700   D $15.7015   50760   D    
Common Stock   5/26/2011     S    4923   D $15.705   45837   D    
Common Stock   5/26/2011     S    500   D $15.707   45337   D    
Common Stock   5/26/2011     S    2577   D $15.71   42760   D    
Common Stock   5/26/2011     S    300   D $15.7115   42460   D    
Common Stock   5/26/2011     S    700   D $15.715   41760   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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
Stock Option (right To Purchase)   $2.6638   5/26/2011     M         83457    8/3/2003   8/3/2011   Common Stock   83457   $0   0   D    

Explanation of Responses:

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
WILLIE DAVIS
161 NORTH LABREA
LOS ANGELES, CA 90301
X



Signatures
Goodloe M. Partee, as attorney in fact. 5/31/2011
** 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).
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 control number.
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