Andersons, Inc. — Director's Dealing 2012

Mar 14, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANDERSONS INC (ANDE)
CIK: 0000821026
Period of Report: 2012-03-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-01	COMMON STOCK	A	2525	$0.00	Acquired	31666.888	Indirect
2012-03-12	COMMON STOCK	F	416	$43.66	Disposed	31250.888	Indirect
2012-03-12	COMMON STOCK	J	1277	$43.66	Acquired	32527.888	Indirect
2012-03-12	PERFORMANCE SHARE UNIT	J	1277	$0.00	Disposed	1823	Direct
2012-03-01	PERFORMANCE SHARE UNIT (2015)	A	4045	$0.00	Acquired	4045	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	700.864	Indirect
PERFORMANCE SHARE UNIT	3300	Direct
PERFORMANCE SHARE UNIT (2014)	3670	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
SOSAR	$32.75	2015-04-01	COMMON STOCK (4700)	4700	Direct
SOSAR	$11.02	2014-03-31	COMMON STOCK (2933)	2933	Direct
SOSAR	$46.26	2013-04-01	COMMON STOCK (6000)	6000	Direct
SOSAR	$42.30	2012-03-31	COMMON STOCK (7770)	3170	Direct

Footnotes

F1: Shares received from vesting of PSU (Performance Share Unit). Agreement allows 75 days from performance end date to issue shares.

F2: PSU vested. Less than full value received and balance cancelled.

F3: 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.