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 *

Gould Michael J. 		2. Issuer Name and Ticker or Trading Symbol

MIDAS INC [ MDS ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Sr. V.P., Franchise Operations
(Last)          (First)          (Middle)

MIDAS, INC., 1300 ARLINGTON HEIGHTS ROAD 		3. Date of Earliest Transaction (MM/DD/YYYY)

5/10/2011
(Street)

ITASCA, IL 60143
(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, $0.001 par value   5/10/2011     A    11200   (1) A $0   35030   D    
Common Stock, $0.001 par value   5/10/2011     A    5600   (2) A $0   40630   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
Option to Purchase Common Stock   $7.05   5/10/2011     A      21600       5/10/2012   (3) 5/10/2021   Common Stock   21600   $0   21600   D    

Explanation of Responses:
( 1)  These shares vest in four equal annual installments commencing on the first anniversary of the grant date.
( 2)  Between 10% and 50% of all shares granted shall immediately vest on each anniversary of the grant date ("Anniversary") if, during any applicable measurement period, the Company's Compound Annual Growth Rate of adjusted cash flow per share ("CAGR") exceeds 2%. There shall be three measurement periods, each represented by the 12-month period ending on the last day of the 1st fiscal quarter for each of 2012, 2013 and 2014. The number of shares, if any, that will vest on each Anniversary will be determined based on the CAGR during said measurement period. If the CAGR during said measurement period is 2%, then 10% of the shares granted shall vest. An additional 5% of the shares granted shall vest for each 1% that the CAGR during said measurement period exceeds the 2% minimum; provided, that the maximum number of shares that may vest on any Anniversary shall be 50% of the shares granted. Any shares unvested after the 3rd Anniversary shall lapse.
( 3)  These options vest in four equal annual installments commencing on the first anniversary of the grant date.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Gould Michael J.
MIDAS, INC.
1300 ARLINGTON HEIGHTS ROAD
ITASCA, IL 60143

Sr. V.P., Franchise Operations

Signatures
/s/ Michael J. Gould 5/12/2011
** 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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