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 *
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 (Month/Day/Year)
02/22/2011
(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               1,584 I 401(k) (1)
Common Stock 02/22/2011   A   47,400 (2) A $ 33.75 141,177 (3) D  
Common Stock 02/22/2011   F   19,293 (2) D $ 33.75 121,884 (3) D  
Common Stock 02/22/2011   G V 28,107 D $ 0 93,777 (3) D  
Common Stock 02/22/2011   G V 28,107 A $ 0 55,566 I By Wife

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 $ 36.59             02/06/2003 02/05/2012 Common Stock 15,000   15,000 D  
Non-qualified Stock Option $ 36.31             02/05/2004 02/04/2013 Common Stock 20,000   20,000 D  
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               (4) 12/11/2012 Common Stock 150,000   150,000 D  
Non-qualified Stock Option $ 25.53             02/13/2009 02/12/2018 Common Stock 120,000   120,000 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  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SWIDARSKI THOMAS W
C/O DIEBOLD, INCORPORATED
5995 MAYFAIR ROAD
NORTH CANTON, OH 44720		   X     President & CEO  

Signatures

 Chad F. Hesse, Att'y.-in-fact for Thomas W. Swidarski   02/24/2011
**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) Reflects delivery of performance shares earned for performance period 2008-2010 under the Equity and Performance Incentive Plan, as amended, and withholding of shares pursuant to tax withholding right.
(3) Number includes restricted stock units
(4) 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.

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