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

Aug 31, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Alexander & Baldwin, Inc. (ALEX)
CIK: 0001545654
Period of Report: 2012-08-28

Reporting Person: DOANE W ALLEN JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-28	Common Stock	M	22500.0000	$21.6600	Acquired	22500.0000	Direct
2012-08-28	Common Stock	S	22500.0000	$29.8929	Disposed	0.0000	Direct
2012-08-29	Common Stock	M	7838.0000	$21.6600	Acquired	7838.0000	Direct
2012-08-29	Common Stock	S	7838.0000	$29.8727	Disposed	0.0000	Direct
2012-08-30	Common Stock	M	7900.0000	$21.6600	Acquired	7900.0000	Direct
2012-08-30	Common Stock	S	7900.0000	$29.4817	Disposed	0.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-08-28	Stock Option	$21.6600	M	22500.0000	Disposed	2013-02-01	Common Stock (22500.0000)	Direct
2012-08-29	Stock Option	$21.6600	M	7838.0000	Disposed	2013-02-01	Common Stock (7838.0000)	Direct
2012-08-30	Stock Option	$21.6600	M	7900.0000	Disposed	2013-02-01	Common Stock (7900.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	49352.0000	Indirect

Footnotes

F1: These shares were acquired through the exercise, prior to the start of the Issuer's next trading blackout period on September 17, 2012, of an option that expires on February 1, 2013. The period during which the option could be exercised was reduced as a result of the reporting person's retirement from employment.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.51 to $30.18, inclusive. The reporting person undertakes to provide to Alexander & Baldwin, Inc., any security holder or Alexander & Baldwin, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.71 to $30.11, inclusive. The reporting person undertakes to provide to Alexander & Baldwin, Inc., any security holder or Alexander & Baldwin, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.41 to $29.65, inclusive. The reporting person undertakes to provide to Alexander & Baldwin, Inc., any security holder or Alexander & Baldwin, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.