Andersons, Inc. — Director's Dealing 2011

Feb 16, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANDERSONS INC (ANDE)
CIK: 0000821026
Period of Report: 2011-02-16

Reporting Person: KILBANE CATHERINE M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-16	COMMON STOCK	M	1534	$11.02	Acquired	4791	Direct
2011-02-16	COMMON STOCK	F	344	$49.17	Disposed	4447	Direct
2011-02-16	COMMON STOCK	M	1000	$44.05	Acquired	5447	Direct
2011-02-16	COMMON STOCK	F	896	$49.17	Disposed	4551	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-16	SOSAR	$44.05	M	1000	Disposed	2013-01-17	COMMON STOCK (1000)	Direct
2011-02-16	SOSAR	$11.02	M	1534	Disposed	2014-03-31	COMMON STOCK (1534)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
SOSAR	$46.26	2013-04-01	COMMON STOCK (3200)	3200	Direct
SOSAR	$32.75	2015-04-01	COMMON STOCK (2400)	2400	Direct