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: DePompei Arthur D. (VP Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-10	COMMON STOCK	J	6.172	$42.73	Acquired	5838.48	Direct
2012-02-24	COMMON STOCK	J	5.792	$45.53	Acquired	5844.272	Direct
2012-03-12	COMMON STOCK	F	325	$43.66	Disposed	5519.272	Direct
2012-03-01	COMMON STOCK	A	1160	$0.00	Acquired	6679.272	Direct
2012-03-12	COMMON STOCK	J	1030	$43.66	Acquired	8404.272	Direct
2012-03-12	PERFORMANCE SHARE UNIT	J	1030	$0.00	Disposed	1470	Direct
2012-03-01	PERFORMANCE SHARE UNIT (2015)	A	1855	$0.00	Acquired	1855	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
PERFORMANCE SHARE UNIT (2014)	1680	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
SOSAR	$32.75	2015-04-01	COMMON STOCK (837)	837	Direct

Footnotes

F1: Acquisition pursuant to Rule 16b-3(c)

F2: Shares received from vesting of PSU (Performance Share Unit). Agreement allows 75 days from performance end date to issue shares.

F3: PSU vested. Less than full value received and balance cancelled.

F4: 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.