SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Rutt Sheila M

(Last)

(First)

(Middle)

C/O DIEBOLD, INCORPORATED

5995 MAYFAIR ROAD

(Street)

NORTH CANTON

44720

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
DIEBOLD INC [ DBD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP, Chief HR Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2011

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								460	I	401(k)⁽¹⁾
Common Stock	03/02/2011		M		1,875	A	$25.53	32,830⁽²⁾	D
Common Stock	03/02/2011		M		3,000	A	$24.79	35,830⁽²⁾	D
Common Stock	03/02/2011		M		3,000	A	$27.88	38,830⁽²⁾	D
Common Stock	03/02/2011		S		6,830	D	$35	32,000⁽²⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-qualified Stock Option	$36.59							02/06/2003	02/05/2012	Common Stock	5,000		5,000	D
Non-qualified Stock Option	$36.31							02/05/2004	02/04/2013	Common Stock	5,000		5,000	D
Non-qualified Stock Option	$53.1							02/11/2005	02/10/2014	Common Stock	5,000		5,000	D
Non-qualified Stock Option	$55.23							02/10/2006	02/09/2015	Common Stock	6,000		6,000	D
Non-qualified Stock Option	$39.43							02/20/2007	02/19/2016	Common Stock	8,000		8,000	D
Non-qualified Stock Option	$47.27							02/14/2008	02/13/2017	Common Stock	7,500		7,500	D
Non-qualified Stock Option	$25.53	03/02/2011		M			1,875	02/13/2009	02/12/2018	Common Stock	1,875	$25.53	1,875	D
Non-qualified Stock Option	$24.79	03/02/2011		M			3,000	02/11/2010	02/10/2019	Common Stock	3,000	$24.79	6,000	D
Non-qualified Stock Option	$27.88	03/02/2011		M			3,000	02/11/2011	02/10/2020	Common Stock	3,000	$27.88	9,000	D
Non-qualified Stock Option	$32.67							02/10/2012	02/09/2021	Common Stock	12,000		12,000	D

Explanation of Responses:

1. Number of 401(k) shares owned as of most current statement; fractional shares omitted.

2. Number includes restricted stock units

Remarks:

	Chad F. Hesse, Att'y.-in-fact for Sheila M. Rutt	03/04/2011
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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