Andersons, Inc. — Director's Dealing 2012

Jan 9, 2012

SEC Form 3 — Initial Statement of Beneficial Ownership

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

Reporting Person: McKinstray Neill C (President, Ethanol Group)

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	26944.28	Direct
COMMON STOCK	1557.41	Indirect
PERFORMANCE SHARE UNIT (2014)	1416	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
SOSAR	$42.30	2012-03-31	COMMON STOCK (1750)		Direct
SOSAR	$46.26	2013-04-01	COMMON STOCK (2750)		Direct
SOSAR	$11.02	2014-03-31	COMMON STOCK (3200)		Direct
SOSAR	$32.75	2015-04-01	COMMON STOCK (2225)		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.

F2: SOSAR vests 1/3 after 1 year; 2/3 after 2 years; and 100% after 3 years.