Alexander & Baldwin, Inc. — Director's Dealing 2012

Dec 29, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Alexander & Baldwin, Inc. (ALEX)
CIK: 0001545654
Period of Report: 2012-12-27

Reporting Person: BENJAMIN CHRISTOPHER J (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-27	Common Stock	M	25000.0000	$22.1100	Acquired	92492.1869	Indirect
2012-12-27	Common Stock	M	11790.0000	$11.3700	Acquired	104282.1869	Indirect
2012-12-27	Common Stock	M	10000.0000	$19.8000	Acquired	114282.1869	Indirect
2012-12-27	Common Stock	F	38319.0000	$28.8500	Disposed	75963.1869	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-27	Stock Option	$19.8000	M	10000.0000	Disposed	2021-01-25	Common Stock (10000.0000)	Direct
2012-12-27	Stock Option	$11.3700	M	11790.0000	Disposed	2019-01-27	Common Stock (11790.0000)	Direct
2012-12-27	Stock Option	$22.1100	M	25000.0000	Disposed	2018-01-29	Common Stock (25000.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	555.0000	Direct
Common Stock	20000.0000	Indirect

Footnotes

F1: Represents shares withheld by Issuer in connection with a net settlement of a stock option exercise.