Andersons, Inc. — Director's Dealing 2012

Mar 13, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Rex Anne G (VP & Corporate Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-01	COMMON STOCK	A	830	$0.00	Acquired	7717	Direct
2012-03-01	PERFORMANCE SHARE UNIT (2015)	A	1330	$0.00	Acquired	1330	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
PERFORMANCE SHARE UNIT (2014)	713	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
SOSAR	$46.26	2013-04-01	COMMON STOCK (710)	710	Direct
SOSAR	$32.75	2015-04-01	COMMON STOCK (1115)	1115	Direct
SOSAR	$11.02	2014-03-31	COMMON STOCK (1480)	1480	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.