LANDMARK BANCORP INC — Director's Dealing 2006

May 22, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDMARK BANCORP INC (LARK)
CIK: 0001141688
Period of Report: 2006-04-19

Reporting Person: THIBAULT DEAN R (Executive Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-04-19	Options to Purchase Common Stock	$27.15	A	8004	Acquired	2016-04-19	Common Stock (8004)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1023	Direct
Common Stock	3304	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options to Purchase Common Stock	$17.83	2008-11-04	Common Stock (368)	368	Direct
Options to Purchase Common Stock	$11.94	2010-03-20	Common Stock (4907)	4907	Direct
Options to Purchase Common Stock	$14.23	2011-01-26	Common Stock (1670)	1670	Direct
Options to Purchase Common Stock	$26.49	2014-03-29	Common Stock (8004)	8004	Direct

Footnotes

F1: Vest equally over the initial 4 years subsequent to grant date beginning April 19, 2007.

F2: Vest equally over the initial 4 years subsequent to grant date beginning March 29, 2005.