Andersons, Inc. — Director's Dealing 2010

Dec 1, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANDERSONS INC (ANDE)
CIK: 0000821026
Period of Report: 2010-09-10

Reporting Person: DePompei Arthur D. (VP Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-10	COMMON STOCK	J	4.052	$36.57	Acquired	2484.823	Direct
2010-09-16	COMMON STOCK	J	2.128	$39.15	Acquired	2486.951	Direct
2010-09-16	COMMON STOCK	J	0.154	$39.15	Acquired	2487.105	Direct
2010-09-24	COMMON STOCK	J	3.725	$39.79	Acquired	2490.83	Direct
2010-10-08	COMMON STOCK	J	3.743	$39.59	Acquired	2494.573	Direct
2010-10-22	COMMON STOCK	J	4.674	$39.86	Acquired	3040.247	Direct
2010-10-22	COMMON STOCK	J	4.661	$39.76	Acquired	3044.908	Direct
2010-11-05	COMMON STOCK	J	3.993	$37.11	Acquired	3048.901	Direct
2010-11-19	COMMON STOCK	J	3.844	$33.23	Acquired	4052.745	Direct
2010-11-26	COMMON STOCK	J	0.303	$33.33	Acquired	4053.048	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
PERFORMANCE SHARE UNIT	1760	Direct
PERFORMANCE SHARE UNIT	2500	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
SOSAR	$32.75	2015-04-01	COMMON STOCK (0)	2510	Direct
SOSAR	$11.02	2014-03-31	COMMON STOCK (2450)	2160	Direct

Footnotes

F1: Acquisition pursuant to Rule 16b-3(c)

F2: Reinvestment of dividend

F3: 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.