Andersons, Inc. — Director's Dealing 2012

Mar 8, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANDERSONS INC (ANDE)
CIK: 0000821026
Period of Report: 2012-03-06

Reporting Person: DePompei Arthur D. (VP Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-06	COMMON STOCK	M	1080	$11.02	Acquired	6912.308	Direct
2012-03-06	COMMON STOCK	F	528	$43.72	Disposed	6384.308	Direct
2012-03-06	COMMON STOCK	M	836	$32.75	Acquired	7220.308	Direct
2012-03-06	COMMON STOCK	F	693	$43.72	Disposed	6527.308	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-06	SOSAR	$32.75	M	836	Disposed	2015-04-01	COMMON STOCK (836)	Direct
2012-03-06	SOSAR	$11.02	M	1080	Disposed	2014-03-31	COMMON STOCK (1080)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
PERFORMANCE SHARE UNIT	1760	Direct
PERFORMANCE SHARE UNIT	2500	Direct
PERFORMANCE SHARE UNIT (2014)	1680	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.