LANDMARK BANCORP INC — Director's Dealing 2005

May 26, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDMARK BANCORP INC (LARK)
CIK: 0001141688
Period of Report: 2005-05-26

Reporting Person: SCHUGART LARRY (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-26	Common Stock	M	2000	$19.13	Acquired	58417	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-05-26	Options to acquire common stock	$19.13	M	2000	Acquired	2008-11-18	Common Stock (4078)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	23141	Indirect
Common Stock	14461	Indirect
Common Stock	3147	Indirect
Common Stock	668	Indirect
Common Stock	6416	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options to acquire common stock	$27.81	2014-03-29	Common Stock (2566)	2566	Direct

Footnotes

F1: 1) Vest equally over the initial 4 years subsequent to grant date.