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

Dec 14, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: KURIYAMA STANLEY M (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-12	Common Stock	M	51321.0000	$12.6700	Acquired	228743.0000	Direct
2012-12-12	Common Stock	F	35302.0000	$28.9200	Disposed	193441.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-12	Stock Option	$12.6700	M	51321.0000	Disposed	2013-01-21	Common Stock (51321.0000)	Direct

Footnotes

F1: THESE SHARES WERE ACQUIRED THROUGH THE EXERCISE, PRIOR TO THE START OF THE ISSUER'S NEXT TRADING BLACKOUT PERIOD ON DECEMBER 17, 2012, OF AN OPTION THAT EXPIRES ON JANUARY 21, 2013. THIS OPTION WAS EXERCISED VIA NET SETTLEMENT.

F2: Represents shares withheld by Issuer in connection with a net settlement of a stock option exercise.