Andersons, Inc. — Director's Dealing 2010

Mar 3, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANDERSONS INC (ANDE)
CIK: 0000821026
Period of Report: 2010-03-01

Reporting Person: Sparks Tamara Sue (VP,Corp.Relations/BusinessAnal)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-01	PERFORMANCE SHARE UNIT	J	325	$0.00	Acquired	325	Direct
2010-03-01	PERFORMANCE SHARE UNIT	A	600	$0.00	Acquired	600	Direct
2010-03-01	PERFORMANCE SHARE UNIT	J	550	$0.00	Acquired	550	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-01	SOSAR	$32.75	A	850	Acquired	2015-04-01	COMMON STOCK (850)	Direct
2010-03-01	PERFORMANCE SHARE UNIT	$0.00	J	325	Disposed	2011-01-01	COMMON STOCK (325)	Direct
2010-03-01	PERFORMANCE SHARE UNIT	$0.00	J	550	Disposed	2012-01-01	COMMON STOCK (550)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	5332.32	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
SOSAR	$11.02	2014-03-31	COMMON STOCK (720)	720	Direct
SOSAR	$39.115	2011-04-01	COMMON STOCK (1000)	1000	Direct
SOSAR	$42.30	2012-03-31	COMMON STOCK (525)	525	Direct
SOSAR	$46.26	2013-04-01	COMMON STOCK (550)	550	Direct

Footnotes

F1: Previously reported as derivative holding.

F2: Stock performance unit granted pursuant to The Andersons, Inc. Plan. Units vest 100% in 3 years contingent on cumulative EPS. Number of underlying shares are determined by the three-year cumulative fully diluted EPS for the performance period.

F3: SOSAR vests 1/3 after 1 year; 2/3 after 2 years; and 100% after 3 years.

F4: Will now be reported on Table I Non-Derivative Security