Andersons, Inc. — Director's Dealing 2019

Nov 5, 2019

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Andersons, Inc. (ANDE)
CIK: 0000821026
Period of Report: 2019-11-01

Reporting Person: Walz Brian K. (VP-Treasurer)

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	14631.8	Direct
PERFORMANCE SHARE UNIT (EPS) (2022)	938	Direct
PERFORMANCE SHARE UNIT (TSR) (2022)	938	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.