MGP INGREDIENTS INC — Director's Dealing 2011

Feb 22, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MGP INGREDIENTS INC (MGPI)
CIK: 0000835011
Period of Report: 2011-02-17

Reporting Person: SCHRICK RANDY M (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-17	Common Stock	M	10000	—	Acquired	102130	Direct
2011-02-17	Common Stock	S	10000	—	Disposed	92130	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-17	Stock Options	$4.65	M	2000	Disposed	2011-06-08	Common Stock (2500)	Direct
2011-02-17	Stock Option	$6.44	M	8000	Disposed	2012-06-12	Common Stock (8000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	166	Indirect
Common Stock	54224	Indirect
Common Stock	1752	Indirect
Common Stock	43859.541	Indirect
Common Stock	1175.63	Indirect

Footnotes

F1: 6,000 were exercisable on 6/12/2004; 2,000 were exercisable on 6/12/2005.

F2: 2,000 acquired at $4.65 per share; 8,000 acquired at $6.44 per share.

F3: 900 shares sold at $9.23; 359 shares sold at $9.24; 7300 shares sold at $9.25; 700 shares sold at $9.26; and 741 shares sold at $9.29.