Andersons, Inc. — Director's Dealing 2012

Mar 21, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANDERSONS INC (ANDE)
CIK: 0000821026
Period of Report: 2012-03-21

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-21	COMMON STOCK	M	1670	$42.30	Acquired	30857.888	Indirect
2012-03-21	COMMON STOCK	F	1540	$47.87	Disposed	29317.888	Indirect
2012-03-21	COMMON STOCK	M	1500	$42.30	Acquired	30817.888	Indirect
2012-03-21	COMMON STOCK	F	1416	$46.20	Disposed	29401.888	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-21	SOSAR	$42.30	M	1670	Disposed	2012-03-31	COMMON STOCK (1670)	Direct
2012-03-21	SOSAR	$42.30	M	1500	Disposed	2012-03-31	COMMON STOCK (1500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	700.864	Indirect
PERFORMANCE SHARE UNIT	3300	Direct
PERFORMANCE SHARE UNIT (2014)	3670	Direct
PERFORMANCE SHARE UNIT (2015)	4045	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