Andersons, Inc. — Director's Dealing 2012

Nov 27, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANDERSONS INC (ANDE)
CIK: 0000821026
Period of Report: 2012-11-26

Reporting Person: ADDIS DENNIS J (President, Grain Group)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-26	COMMON STOCK	M	2933	$11.02	Acquired	35614.888	Indirect
2012-11-26	COMMON STOCK	F	1470	$42.21	Disposed	34144.888	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-26	SOSAR	$11.02	M	2933	Disposed	2014-03-31	COMMON STOCK (2933)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
PERFORMANCE SHARE UNIT	3300	Direct
PERFORMANCE SHARE UNIT (2014)	3670	Direct
PERFORMANCE SHARE UNIT (2015)	4045	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
SOSAR	$32.75	2015-04-01	COMMON STOCK (4700)	4700	Direct
SOSAR	$46.26	2013-04-01	COMMON STOCK (4000)	4000	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.