X0304 4 2012-02-15 0 0001029506 RALCORP HOLDINGS INC /MO RAH 0001184481 MULCAHY J PATRICK 800 MARKET STREET SUITE 2600 SAINT LOUIS MO 63101 1 0 0 0 Stock Appreciation Rights 74.65 2012-02-15 4 A 0 10000 A $.01 Par Value Common Stock 10000 10000 D Stock appreciation rights were granted under Issuer's Amended and Restated 2007 Incentive Stock Plan. Stock appreciation rights are exercisable three years from date of grant but must be held until the reporting person's retirement from the Board of Directors and the occurrence of certain other events and shall remain exercisable for various periods of time. Gregory A. Billhartz, Attorney-in-Fact for J. Patrick Mulcahy 2012-02-16