Andersons, Inc. — Director's Dealing 2015

Mar 12, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Andersons, Inc. (ANDE)
CIK: 0000821026
Period of Report: 2015-03-11

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-11	COMMON STOCK	M	5025	$21.83	Acquired	35389.6532	Direct
2015-03-11	COMMON STOCK	F	3500	$39.84	Disposed	31889.6532	Direct
2015-03-11	COMMON STOCK	S	400	$38.79	Disposed	31489.6532	Direct
2015-03-11	COMMON STOCK	S	100	$38.795	Disposed	31389.6532	Direct
2015-03-11	COMMON STOCK	S	100	$38.80	Disposed	31289.6532	Direct
2015-03-11	COMMON STOCK	S	236	$38.81	Disposed	31053.6532	Direct
2015-03-11	COMMON STOCK	S	100	$38.83	Disposed	30953.6532	Direct
2015-03-11	COMMON STOCK	S	100	$38.84	Disposed	30853.6532	Direct
2015-03-11	COMMON STOCK	S	400	$38.86	Disposed	30453.6532	Direct
2015-03-11	COMMON STOCK	S	300	$38.87	Disposed	30153.6532	Direct
2015-03-11	COMMON STOCK	S	400	$38.89	Disposed	29753.6532	Direct
2015-03-11	COMMON STOCK	S	200	$38.90	Disposed	29553.6532	Direct
2015-03-11	COMMON STOCK	S	400	$38.91	Disposed	29153.6532	Direct
2015-03-11	COMMON STOCK	S	200	$38.92	Disposed	28953.6532	Direct
2015-03-11	COMMON STOCK	S	100	$38.94	Disposed	28853.6532	Direct
2015-03-11	COMMON STOCK	S	400	$38.95	Disposed	28453.6532	Direct
2015-03-11	COMMON STOCK	S	200	$38.96	Disposed	28253.6532	Direct
2015-03-11	COMMON STOCK	S	100	$38.963	Disposed	28153.6532	Direct
2015-03-11	COMMON STOCK	S	800	$38.97	Disposed	27353.6532	Direct
2015-03-11	COMMON STOCK	S	300	$38.98	Disposed	27053.6532	Direct
2015-03-11	COMMON STOCK	S	1100	$38.99	Disposed	25953.6532	Direct
2015-03-11	COMMON STOCK	S	599	$39.00	Disposed	25354.6532	Direct
2015-03-11	COMMON STOCK	S	301	$39.01	Disposed	25053.6532	Direct
2015-03-11	COMMON STOCK	S	200	$39.02	Disposed	24853.6532	Direct
2015-03-11	COMMON STOCK	S	700	$39.03	Disposed	24153.6532	Direct
2015-03-11	COMMON STOCK	S	200	$39.04	Disposed	23953.6532	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-03-11	SOSAR	$21.83	M	5025	Disposed	2015-04-01	COMMON STOCK (5025)	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

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.