Andersons, Inc. — Director's Dealing 2011

Feb 17, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANDERSONS INC (ANDE)
CIK: 0000821026
Period of Report: 2011-02-15

Reporting Person: ANDERSON DANIEL T (President, Retail)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-15	COMMON STOCK	S	1666	$47.81	Disposed	12756.73	Indirect
2011-02-15	COMMON STOCK	S	1883	$47.81	Disposed	14325.24	Indirect
2011-02-15	COMMON STOCK	S	160	$47.81	Disposed	933.66	Indirect
2011-02-15	COMMON STOCK	S	160	$47.81	Disposed	1389.66	Indirect
2011-02-15	COMMON STOCK	S	160	$47.81	Disposed	1389.66	Indirect
2011-02-15	COMMON STOCK	S	160	$47.81	Disposed	1389.66	Indirect
2011-02-15	COMMON STOCK	S	160	$47.81	Disposed	1389.66	Indirect
2011-02-15	COMMON STOCK	S	160	$47.81	Disposed	1389.66	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	242606	Direct
PERFORMANCE SHARE UNIT	2450	Direct
PERFORMANCE SHARE UNIT	4000	Direct

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	$32.75	2015-04-01	COMMON STOCK (4300)	4300	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: Shares have been previously reported; however, no longer will be reported as individual is no longer a minor living in the residence.

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.