Andersons, Inc. — Director's Dealing 2014

Feb 28, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANDERSONS INC (ANDE)
CIK: 0000821026
Period of Report: 2014-02-26

Reporting Person: ANDERSON MICHAEL J (Director, Chairman, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-26	COMMON STOCK	M	27150	$21.83	Acquired	429832.007	Direct
2014-02-26	COMMON STOCK	F	18464	$55.00	Disposed	411368.007	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-26	SOSAR	$21.83	M	27150	Disposed	2015-04-01	COMMON STOCK (27150)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	150138	Indirect
PERFORMANCE SHARE UNIT (2014)	23610	Direct
PERFORMANCE SHARE UNIT (2015)	25500	Direct
PERFORMANCE SHARE UNIT (2016)	16800	Direct