Andersons, Inc. — Director's Dealing 2010

Apr 15, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANDERSONS INC (ANDE)
CIK: 0000821026
Period of Report: 2010-04-14

Reporting Person: ANDERSON MICHAEL J (Director, Chairman, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-14	COMMON STOCK	S	2000	$33.76	Disposed	215824.063	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	100092	Indirect
PERFORMANCE SHARE UNIT	12000	Direct
PERFORMANCE SHARE UNIT	17700	Direct
PERFORMANCE SHARE UNIT	12600	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
SOSAR	$32.75	2015-04-01	COMMON STOCK (18100)	18100	Direct
SOSAR	$11.02	2014-03-31	COMMON STOCK (23600)	23600	Direct
SOSAR	$42.08	2012-03-31	COMMON STOCK (25700)	25700	Direct
SOSAR	$46.26	2013-04-01	COMMON STOCK (20000)	20000	Direct
SOSAR	$39.115	2011-04-01	COMMON STOCK (44000)	44000	Direct
STOCK OPTION	$5.00	2012-01-01	COMMON STOCK (20000)	20000	Direct

Footnotes

F1: Sale made pursuant to a 10b5-1 trading plan.

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.