Andersons, Inc. — Director's Dealing 2012

Mar 30, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANDERSONS INC (ANDE)
CIK: 0000821026
Period of Report: 2012-03-28

Reporting Person: Wolf William J (President, Plant Nutrients Grp)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-28	COMMON STOCK	M	1000	$42.30	Acquired	17031.44	Direct
2012-03-28	COMMON STOCK	F	918	$48.17	Disposed	16113.44	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-28	SOSAR	$42.30	M	1000	Disposed	2012-03-31	COMMON STOCK (1000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
PERFORMANCE SHARE UNIT (2014)	719	Direct
PERFORMANCE SHARE UNIT (2015)	3275	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
SOSAR	$46.26	2013-04-01	COMMON STOCK (1335)	1335	Direct
SOSAR	$11.02	2014-03-31	COMMON STOCK (1800)	1800	Direct
SOSAR	$32.75	2015-04-01	COMMON STOCK (1120)	1120	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.