<SEC-DOCUMENT>0001225208-12-015645.txt : 20120703
<SEC-HEADER>0001225208-12-015645.hdr.sgml : 20120703
<ACCEPTANCE-DATETIME>20120703154259
ACCESSION NUMBER:		0001225208-12-015645
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20120629
FILED AS OF DATE:		20120703
DATE AS OF CHANGE:		20120703

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BENJAMIN CHRISTOPHER J
		CENTRAL INDEX KEY:			0001229360

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35492
		FILM NUMBER:		12944621

	MAIL ADDRESS:	
		STREET 1:		822 BISHOP STREET
		CITY:			HONOLULU
		STATE:			HI
		ZIP:			96813

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Alexander & Baldwin, Inc.
		CENTRAL INDEX KEY:			0001545654
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE [6500]
		IRS NUMBER:				454849780
		STATE OF INCORPORATION:			HI
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		822 BISHOP STREET, P.O. BOX 3440
		CITY:			HONOLULU
		STATE:			HI
		ZIP:			96801
		BUSINESS PHONE:		(808) 525-6611

	MAIL ADDRESS:	
		STREET 1:		822 BISHOP STREET, P.O. BOX 3440
		CITY:			HONOLULU
		STATE:			HI
		ZIP:			96801

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	A & B II, Inc.
		DATE OF NAME CHANGE:	20120502

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	& B II, Inc.
		DATE OF NAME CHANGE:	20120326

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	A&B II, Inc.
		DATE OF NAME CHANGE:	20120326
</SEC-HEADER>
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<SEQUENCE>1
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        <issuerName>Alexander &amp; Baldwin, Inc.</issuerName>
        <issuerTradingSymbol>ALEX</issuerTradingSymbol>
    </issuer>

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            <rptOwnerName>BENJAMIN CHRISTOPHER J</rptOwnerName>
        </reportingOwnerId>
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            <rptOwnerStreet1>822 BISHOP STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
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            <rptOwnerState>HI</rptOwnerState>
            <rptOwnerZipCode>96813</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <isOfficer>1</isOfficer>
            <officerTitle>President</officerTitle>
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                <value>Stock Option</value>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
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                <transactionShares>
                    <value>52086.0000</value>
                </transactionShares>
                <transactionPricePerShare>
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                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
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    <footnotes>
        <footnote id="F1">The acquisition involved five separate restricted stock unit awards that were made to the Reporting Person under the Issuer's 2012 Incentive Compensation Plan in connection with the distribution of the Issuer's outstanding common stock by Alexander &amp; Baldwin Holdings, Inc. (now known as Matson, Inc.) to the stockholders of Alexander &amp; Baldwin Holdings, Inc. in a pro-rata spin-off transaction.  The reported awards were issued in replacement of five separate restricted stock unit awards covering an aggregate 12,546 shares of the common stock of Alexander &amp; Baldwin Holdings, Inc. Each such replacement award was structured so as to preserve, at the time of replacement, the intrinsic value of the cancelled award to which it relates and retains the same vesting schedule that was in effect for that cancelled award.</footnote>
        <footnote id="F2">The award was made under the Issuer's 2012 Incentive Compensation Plan in connection with the distribution of the Issuer's outstanding common stock by Alexander &amp; Baldwin Holdings, Inc. (now known as Matson, Inc.) to the stockholders of Alexander &amp; Baldwin Holdings, Inc. in a pro-rata spin-off transaction.  The reported award was issued in replacement of a cancelled stock option grant covering shares of the common stock of Alexander &amp; Baldwin Holdings, Inc. and was structured so as to preserve, at the time of replacement, the intrinsic value of the cancelled stock option grant to which it relates.</footnote>
        <footnote id="F3">The option vests in three equal annual installments beginning January 25, 2013.</footnote>
        <footnote id="F4">All shares are immediately exercisable.</footnote>
        <footnote id="F5">7,287 shares are immediately exercisable, with the balance of the shares to become exercisable in two successive equal annual installments beginning January 26, 2013.</footnote>
        <footnote id="F6">18,382 shares are immediately exercisable, with the balance of the shares to become exercisable on January 27, 2013.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Christopher J. Benjamin</signatureName>
        <signatureDate>2012-07-03</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</DOCUMENT>
</SEC-DOCUMENT>
