Ownership Submission
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 OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
Rutt Sheila M
   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
(Last)
(First)
(Middle)
C/O DIEBOLD, INCORPORATED, 5995 MAYFAIR ROAD		 3. Date of Earliest Transaction (Month/Day/Year)
02/08/2012
(Street)

NORTH CANTON, OH 44720		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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)
Code V Amount (A) or (D) Price
Common Stock               478 I 401(k) (1)
Common Stock 02/08/2012   A   2,300 (2) A $ 0 33,447 (3) D  

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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 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 $ 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             02/13/2009 02/12/2018 Common Stock 7,500   1,875 D  
Non-qualified Stock Option $ 24.79             02/11/2010 02/10/2019 Common Stock 12,000   6,000 D  
Non-qualified Stock Option $ 27.88             02/11/2011 02/10/2020 Common Stock 12,000   9,000 D  
Non-qualified Stock Option $ 32.67             02/10/2012 02/09/2021 Common Stock 12,000   12,000 D  
Non-qualified Stock Option (4) $ 34.89 02/08/2012   A   16,500   02/08/2013 02/07/2022 Common Stock 16,500 $ 34.89 16,500 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Rutt Sheila M
C/O DIEBOLD, INCORPORATED
5995 MAYFAIR ROAD
NORTH CANTON, OH 44720		       VP, Chief HR Officer  

Signatures

 Chad F. Hesse, Att'y.-in-fact for Sheila M. Rutt   02/10/2012
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Number of 401(k) shares owned as of most current statement; fractional shares omitted.
(2) Award of restricted stock units; each restricted stock unit represents a contingent right to receive one share of Diebold, Incorporated common stock.
(3) Number includes restricted stock units
(4) Granted under the 1991 Equity and Performance Incentive Plan; option is generally exercisable in annual increments of 25% beginning one year from date of grant.

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