Andersons, Inc. — Director's Dealing 2011

Feb 16, 2011

SEC Form 4/A — Form 4/A

Issuer: ANDERSONS INC (ANDE)
CIK: 0000821026
Period of Report: 2010-10-25

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-25	COMMON STOCK	M	5000	$39.115	Acquired	44137.384	Direct
2010-10-25	COMMON STOCK	F	4834	$41.12	Disposed	39303.384	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-10-25	SOSAR	$39.115	M	5000	Disposed	2011-04-01	COMMON STOCK (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	817.36	Indirect
COMMON STOCK	805.1	Indirect
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

Footnotes

F1: Shares incorrectly reported; however no change in net shares received.

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: Stated incorrect number of shares on previous filing.

F4: Price incorrectly reported on previous form.