LANDMARK BANCORP INC — Director's Dealing 2003

Dec 24, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDMARK BANCORP INC (LARK)
CIK: 0001141688
Period of Report: 2003-12-22

Reporting Person: SCHUGART LARRY (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-22	Common Stock	M	5500	$8.64	Acquired	67123	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-22	Options to acquire common stock	$8.64	M	5500	Disposed	2004-03-28	Common Stock (5713)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	19247	Indirect
Common Stock	13772	Indirect
Common Stock	2997	Indirect
Common Stock	6110	Indirect
Common Stock	636	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options to acquire common stock	$20.09	2008-11-18	common stock (5789)	5789	Direct

Footnotes

F1: (1) As adjusted for Company's 5% stock dividend on December 17, 2003.