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Andersons CEO Sells Company Shares
Friday October 12, 2:23 pm ET
Andersons Chief Executive Michael J. Anderson Sells 2,500 Shares of Company Stock


WASHINGTON (AP) -- The president and chief executive of ethanol and grain producer Andersons Inc. sold 2,500 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing.
In a Form 4 filed Thursday with the SEC, Michael J. Anderson reported he sold the shares Wednesday for $47.39 apiece.

The stock sale was conducted under a prearranged 10b5-1 trading plan which allows company insiders to set up a program in advance for such transactions and proceed even if they come into possession of material nonpublic information.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Andersons is based in Maumee, Ohio.