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

Aug 8, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Alexander & Baldwin, Inc. (ALEX)
CIK: 0001545654
Period of Report: 2012-08-06

Reporting Person: WATANABE JEFFREY N (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-06	Common Stock	M	16422.0000	$16.2600	Acquired	36511.7606	Direct
2012-08-06	Common Stock	M	6158.0000	$12.9300	Acquired	42669.7606	Direct
2012-08-06	Common Stock	S	22580.0000	$31.8505	Disposed	20089.7606	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-08-06	Stock Option	$16.2600	M	16422.0000	Disposed	2014-04-21	Common Stock (16422.0000)	Direct
2012-08-06	Stock Option	$12.9300	M	6158.0000	Disposed	2013-04-23	Common Stock (6158.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6.0000	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.03 to $32.10, 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.