Sec Form 4 Filing - SWIDARSKI THOMAS W @ DIEBOLD INC - 2012-06-08

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

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person SWIDARSKI THOMAS W 2. Issuer Name and Ticker or Trading Symbol DIEBOLD INC [ DBD] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) President & CEO (Last) (First) (Middle) C/O DIEBOLD, INCORPORATED, 5995 MAYFAIR ROAD 3. Date of Earliest Transaction (MM/DD/YY) 06/08/2012 (Street) NORTH CANTON, OH44720 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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) Code V Amount (A) or (D) Price Common Stock 1,647 I 401(k) ( 1 ) Common Stock 06/08/2012 M 25,000 A $ 25.53 170,318 ( 2 ) D Common Stock 06/08/2012 S 20,410 D $ 37.1197 149,908 ( 2 ) D Common Stock 06/11/2012 M 243 A $ 25.53 150,151 ( 2 ) D Common Stock 06/11/2012 S 43 D $ 37.49 149,951 ( 2 ) D Common Stock 55,566 I By Wife

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Non-qualified Stock Option $ 53.1 02/11/2005 02/10/2014 Common Stock 25,000 25,000 D Non-qualified Stock Option $ 55.23 02/10/2006 02/09/2015 Common Stock 22,900 22,900 D Non-qualified Stock Option $ 37.87 ( 3 ) 12/11/2012 Common Stock 25,000 100,000 D Non-qualified Stock Option $ 25.53 06/08/2012 M 25,000 02/13/2009 02/12/2018 Common Stock 25,000 $ 25.53 95,000 D Non-qualified Stock Option $ 25.53 06/11/2012 M 243 02/13/2009 02/12/2018 Common Stock 243 $ 25.53 94,757 D Non-qualified Stock Option $ 24.79 02/11/2010 02/10/2019 Common Stock 150,000 150,000 D Non-qualified Stock Option $ 27.88 02/11/2011 02/10/2020 Common Stock 127,500 127,500 D Non-qualified Stock Option $ 33.75 02/14/2012 02/13/2021 Common Stock 135,000 135,000 D Non-qualified Stock Option $ 34.89 02/08/2013 02/07/2022 Common Stock 174,000 174,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other SWIDARSKI THOMAS W C/O DIEBOLD, INCORPORATED 5995 MAYFAIR ROAD NORTH CANTON, OH44720 X President & CEO Signatures Chad F. Hesse, Att'y.-in-fact for Thomas W. Swidarski 06/12/2012 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Number of 401(k) shares owned as of most current statement; fractional shares omitted. ( 2 )Number includes restricted stock units ( 3 )75,000 of these options became exercisable when the stock traded at $50/share or higher for 20 consecutive trading days in July 2007, and the second 75,000 will become exercisable when the stock trades at $60/share or higher for 20 consecutive trading days. All remaining options will become exercisable on the sixth anniversary date of the award.

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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