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: ANDERSON DANIEL T (President, Retail)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-01	PERFORMANCE SHARE UNIT	A	2450	$0.00	Acquired	2450	Direct
2010-03-01	PERFORMANCE SHARE UNIT	J	2025	$0.00	Acquired	2025	Direct
2010-03-01	PERFORMANCE SHARE UNIT	J	4000	$0.00	Acquired	4000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-01	PERFORMANCE SHARE UNIT	$0.00	J	4000	Disposed	2012-01-01	COMMON STOCK (0)	Direct
2010-03-01	PERFORMANCE SHARE UNIT	$0.00	J	2025	Disposed	2011-01-01	COMMON STOCK (0)	Direct
2010-03-01	SOSAR	$32.75	A	4300	Acquired	2015-04-01	COMMON STOCK (4300)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	245106	Direct
COMMON STOCK	14426.73	Indirect
COMMON STOCK	16198.24	Indirect
COMMON STOCK	1123.66	Indirect
COMMON STOCK	1123.66	Indirect
COMMON STOCK	1123.66	Indirect
COMMON STOCK	1123.66	Indirect
COMMON STOCK	1123.66	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
SOSAR	$46.26	2013-04-01	COMMON STOCK (3400)	3400	Direct
SOSAR	$11.02	2014-03-31	COMMON STOCK (4900)	4900	Direct
SOSAR	$42.08	2012-03-31	COMMON STOCK (6400)	6400	Direct
SOSAR	$39.115	2011-04-01	COMMON STOCK (13320)	13320	Direct

Footnotes

F1: 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.

F2: Previously reported as derivative holding.

F3: Will now be reported on Table I Non-Derivative Security

F4: SOSAR vests 1/3 after 1 year; 2/3 after 2 years; and 100% after 3 years.