Andersons, Inc. — Director's Dealing 2015

Feb 18, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Andersons, Inc. (ANDE)
CIK: 0000821026
Period of Report: 2015-02-17

Reporting Person: ANDERSON DANIEL T (President, Retail)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-17	COMMON STOCK	J	2733	$53.14	Acquired	258426	Direct
2015-02-17	COMMON STOCK	F	905	$53.14	Disposed	257521	Direct
2015-02-17	PERFORMANCE SHARE UNIT (2015)	J	2733	$0.00	Disposed	0	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	26179.46	Indirect
COMMON STOCK	20373.25	Indirect
COMMON STOCK	1422.62	Indirect
COMMON STOCK	1422.62	Indirect
COMMON STOCK	1422.62	Indirect
COMMON STOCK	108320.24	Indirect
PERFORMANCE SHARE UNIT (2016)	2475	Direct
PERFORMANCE SHARE UNIT (2017)	2570	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
SOSAR	$21.83	2015-04-01	COMMON STOCK (6450)	6450	Direct

Footnotes

F1: Shares received from vesting of PSU (Performance Share Unit). Agreement allows 75 days from performance end date to issue shares.

F2: PSU Vested.

F3: 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.

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.