Andersons, Inc. — Director's Dealing 2019

Nov 12, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Andersons, Inc. (ANDE)
CIK: 0000821026
Period of Report: 2019-11-11

Reporting Person: McNeely Joseph E (President, Rail Group)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-11	COMMON STOCK	P	205	$20.981	Acquired	15188.77	Direct
2019-11-11	COMMON STOCK	P	100	$21.01	Acquired	15288.77	Direct
2019-11-11	COMMON STOCK	P	300	$21.04	Acquired	15588.77	Direct
2019-11-11	COMMON STOCK	P	882	$21.049	Acquired	16470.77	Direct
2019-11-11	COMMON STOCK	P	420	$21.05	Acquired	16890.77	Direct
2019-11-11	COMMON STOCK	P	475	$21.06	Acquired	17365.77	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
PERFORMANCE SHARE UNIT (EPS) (2021)	3132	Direct
PERFORMANCE SHARE UNIT (EPS) (2022)	3002	Direct
PERFORMANCE SHARE UNIT (TSR) (2021)	3132	Direct
PERFORMANCE SHARE UNIT (TSR) (2022)	3002	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.

F2: Stock performance unit (TSR) granted pursuant to The Andersons, Inc. Plan. Units vest 100% in 3 years contingent on the Company's annualized total shareholder return. Number of underlying shares are based upon the level of satisfaction of the total shareholder return for the performance period.