Ownership Submission
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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(Print or Type Responses)
1. Name and Address of Reporting Person *
LYON WILLIAM
  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)
601 RIVERSIDE AVENUE
3. Date of Earliest Transaction (Month/Day/Year)
02/17/2009
(Street)

JACKSONVILLE, FL 32204
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 02/17/2009   M   24,320 A $ 3.0079 77,363 D  
Common Stock 02/17/2009   M   121,598 A $ 2.8903 198,961 D  
Common Stock 02/17/2009   M   48,637 A $ 4.8014 247,598 D  
Common Stock 02/17/2009   M   44,216 A $ 5.5974 291,814 D  
Common Stock 02/17/2009   M   20,100 A $ 8.2593 311,914 D  
Common Stock 02/17/2009   M   47,506 A $ 12.5195 359,420 D  
Common Stock 02/17/2009   S   306,377 D $ 17.6786 (1) 53,043 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
Stock Options (right to purchase) $ 3.0079 02/17/2009   M     24,320 03/23/2000 03/23/2009 Common Stock 24,320 $ 0 0 D  
Stock Option (right to purchase) $ 2.8903 02/17/2009   M     121,598 12/22/2000 12/22/2009 Common Stock 121,598 $ 0 0 D  
Stock Option (right to purchase) $ 4.8014 02/17/2009   M     48,637 04/16/2004 04/16/2011 Common Stock 48,637 $ 0 0 D  
Stock Option (right to purchase) $ 5.5974 02/17/2009   M     44,216 02/21/2004 02/21/2012 Common Stock 44,216 $ 0 0 D  
Stock Option (right to purchase) $ 8.2593 02/17/2009   M     20,100 12/23/2005 12/23/2012 Common Stock 20,100 $ 0 0 D  
Stock Option (right to purchase) $ 12.5195 02/17/2009   M     47,506 10/15/2007 10/15/2012 Common Stock 47,506 $ 0 0 D  
Stock Option (right to purchase) (2)               (3)   (4) Common Stock 64,000   64,000 (5) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LYON WILLIAM
601 RIVERSIDE AVENUE
JACKSONVILLE, FL 32204
  X      

Signatures

 William Lyon   02/18/2009
**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) This transaction was executed in multiple trades at prices ranging from $17.37 to $17.98. The price represents the weighted average sales price of the shares. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
(2) Represents options granted at various prices.
(3) Exercise dates vary for each of the option grants.
(4) Expiration dates vary for each of the option grants.
(5) Reflects Reporting Person's total derivative securities in Fidelity National Financial, Inc. as of February 17, 2009.

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