Andersons, Inc. — Director's Dealing 2010

Oct 19, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANDERSONS INC (ANDE)
CIK: 0000821026
Period of Report: 2010-10-12

Reporting Person: REED HAROLD M (President, Grain & Ethanol)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-12	COMMON STOCK	G	90	$39.33	Disposed	39137.164	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	817.36	Indirect
COMMON STOCK	805.1	Indirect
PERFORMANCE SHARE UNIT	4100	Direct
PERFORMANCE SHARE UNIT	6750	Direct
PERFORMANCE SHARE UNIT	3750	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
SOSAR	$32.75	2015-04-01	COMMON STOCK (5325)	5325	Direct
SOSAR	$11.02	2014-03-31	COMMON STOCK (9000)	9000	Direct
SOSAR	$46.26	2013-04-01	COMMON STOCK (6675)	6675	Direct
SOSAR	$42.08	2012-03-31	COMMON STOCK (10000)	10000	Direct
SOSAR	$39.115	2011-04-01	COMMON STOCK (19000)	19000	Direct

Footnotes

F1: Gift of shares - no filing made at that date.

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.