Andersons, Inc. — Director's Dealing 2015

Mar 11, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Andersons, Inc. (ANDE)
CIK: 0000821026
Period of Report: 2015-03-09

Reporting Person: Waggoner Thomas Lowell (VP, Corp Marketing & Operation)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-09	COMMON STOCK	S	700	$42.00	Disposed	31364.6532	Direct
2015-03-09	COMMON STOCK	S	100	$42.035	Disposed	31264.6532	Direct
2015-03-09	COMMON STOCK	S	378	$42.05	Disposed	30886.6532	Direct
2015-03-09	COMMON STOCK	S	22	$42.06	Disposed	30864.6532	Direct
2015-03-09	COMMON STOCK	S	100	$42.065	Disposed	30764.6532	Direct
2015-03-09	COMMON STOCK	D	200	$42.07	Disposed	30564.6532	Direct
2015-03-09	COMMON STOCK	S	200	$42.082	Disposed	30364.6532	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
PERFORMANCE SHARE UNIT (2016)	2475	Direct
PERFORMANCE SHARE UNIT (2017)	2570	Direct
PERFORMANCE SHARE UNIT (2018)	3212	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
SOSAR	$21.83	2015-04-01	COMMON STOCK (5025)	5025	Direct

Footnotes

F1: Stock performance unit granted pursuant to The Andersons, Inc. plan. Units vest 100% in 27 months contingent on cumulative EPS from 10/01/2013 to 12/31/2015. Number of underlying shares are determined by the twenty-seven months cumulative fully diluted EPS for the performance period.

F2: 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.