MDU RESOURCES GROUP INC — Director's Dealing 2011

Feb 24, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MDU RESOURCES GROUP INC (MDU)
CIK: 0000067716
Period of Report: 2011-02-23

Reporting Person: EVERIST THOMAS S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-23	Common Stock	M	6750	$17.1334	Acquired	47923	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-23	Stock Options (Right to Buy)	$17.1334	M	6750	Disposed	2011-05-17	Common Stock (6750)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1820000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$		Common Stock (27502.111)	27502.111	Direct
Stock Options (Right to Buy)	$13.0289	2012-05-16	Common Stock (6750)	6750	Direct

Footnotes

F1: 1 for 1

F2: Units are to be settled in cash after reporting person's retirement.