Andersons, Inc. — Director's Dealing 2011

Jan 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANDERSONS INC (ANDE)
CIK: 0000821026
Period of Report: 2010-12-03

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-03	COMMON STOCK	J	4.221	$35.11	Acquired	4057.269	Direct
2010-12-17	COMMON STOCK	J	4.297	$34.49	Acquired	4061.566	Direct
2010-12-30	COMMON STOCK	J	3.161	$37.14	Acquired	4064.727	Direct

Holdings (Non-Derivative)

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