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

Dec 3, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Alexander & Baldwin, Inc. (ALEX)
CIK: 0001545654
Period of Report: 2012-11-29

Reporting Person: BENJAMIN CHRISTOPHER J (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-29	Common Stock	M	20323.0000	$21.6600	Acquired	80167.1869	Indirect
2012-11-29	Common Stock	F	17498.0000	$29.4500	Disposed	62669.1869	Indirect
2012-11-30	Common Stock	M	21554.0000	$25.5900	Acquired	84223.1869	Indirect
2012-11-30	Common Stock	M	15000.0000	$23.4800	Acquired	99223.1869	Indirect
2012-11-30	Common Stock	M	5000.0000	$11.3700	Acquired	104223.1869	Indirect
2012-11-30	Common Stock	F	3373.0000	$29.8600	Disposed	100850.1869	Indirect
2012-11-30	Common Stock	F	13358.0000	$29.6600	Disposed	87492.1869	Indirect
2012-11-30	Common Stock	F	20000.0000	$29.6600	Disposed	67492.1869	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-29	Stock Option	$21.6600	M	20323.0000	Disposed	2015-01-25	Common Stock (20323.0000)	Direct
2012-11-30	Stock Option	$23.4800	M	15000.0000	Disposed	2017-01-23	Common Stock (15000.0000)	Direct
2012-11-30	Stock Option	$25.5900	M	21554.0000	Disposed	2016-01-24	Common Stock (21554.0000)	Direct
2012-11-30	Stock Option	$11.3700	M	5000.0000	Disposed	2019-01-27	Common Stock (5000.0000)	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.