Bob Evans Farms (BOBE) 11-K Annual report of employee stock purchases

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 11-K

FOR ANNUAL REPORTS OF EMPLOYEE STOCK

REPURCHASE SAVINGS AND SIMILAR PLANS

PURSUANT TO SECTION 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

(Mark One):

x ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2011

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                    to                     

Commission File Number: 000-01667

A. Full title of the plan and the address of the plan, if different from that of the issuer named below:

Bob Evans Farms, Inc. and Affiliates 401K Retirement Plan

B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

Bob Evans Farms, Inc.

3776 South High Street

Columbus, Ohio 43207

REQUIRED INFORMATION

The following financial statements and supplemental schedules for the Bob Evans Farms, Inc. and Affiliates 401K Retirement Plan are being filed herewith:

Description	Page No.
Index to Audited Financial Statements	Page 4
Report of Independent Registered Public Accounting Firm	Page 5
Audited Financial Statements:
Statements of Net Assets Available for Benefits at December 31, 2011 and December 31, 2010	Page 6
Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 2011	Page 7
Notes to Financial Statements – December 31, 2011	Pages 8 - 19
Supplemental Schedule:
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)	Page 20

Note: Other supplemental schedules required by Section 252.103-10 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under ERISA have been omitted because they are not applicable.

The following exhibits are being filed herewith:

Exhibit No.	Description	Page No.
23.1	Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm	Page 22

2

AUDITED FINANCIAL STATEMENTSAND

SUPPLEMENTAL SCHEDULE

Bob Evans Farms, Inc. and Affiliates 401(k) Retirement Plan

December 31, 2011 and 2010

and the Year Ended December 31, 2011

With Report of Independent Registered

Public Accounting Firm

3

Bob Evans Farms, Inc. and Affiliates

401(k) Retirement Plan

Audited Financial Statements and Supplemental Schedule

December 31, 2011 and 2010 and the Year Ended December 31, 2011

Contents

Report of Independent Registered Public Accounting Firm	5
Audited Financial Statements:
Statements of Net Assets Available for Benefits	6
Statement of Changes in Net Assets Available for Benefits	7
Notes to Financial Statements	8
Supplemental Schedule
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)	20

4

Report of Independent Registered Public Accounting Firm

Participants and Administrator of the

Bob Evans Farms, Inc. and Affiliates 401(k)

Retirement Plan

We have audited the accompanying statements of net assets available for benefits of Bob Evans Farms, Inc. and Affiliates 401(k) Retirement Plan as of December 31, 2011 and 2010, and the related statement of changes in net assets available for benefits for the year ended December 31, 2011. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Plan’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan at December 31, 2011 and 2010, and the changes in its net assets available for benefits for the year ended December 31, 2011, in conformity with U.S. generally accepted accounting principles.

Our audits were conducted for the purpose of forming an opinion on the financial statements taken as a whole. The accompanying supplemental schedule of assets (held at end of year) as of December 31, 2011 is presented for purposes of additional analysis and is not a required part of the financial statements but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. Such information is the responsibility of the Plan’s management. The information has been subjected to the auditing procedures applied in our audits of the financial statements and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole.

/s/ Ernst & Young LLP

June 27, 2012

Columbus, Ohio

5

Bob Evans Farms, Inc. and Affiliates 401(k) Retirement Plan

Statements of Net Assets Available for Benefits

	December 31
	2011		2010
Assets
Cash and short-term investments	$	1,674,973	$	1,580,737
Investments, at fair value		164,140,950		174,884,080
Total assets held for investment		165,815,923		176,464,817
Receivables:
Contributions from employer		1,598,851		4,084,895
Contributions from employees		161,315		176,870
Accrued interest receivable		156,277		70,886
Total receivables		1,916,443		4,332,651
Total assets		167,732,366		180,797,468
Liabilities
Administrative expenses payable		—		133,760
Total liabilities		—		133,760
Net assets available for benefits	$	167,732,366	$	180,663,708

The accompanying notes are an integral part of these financial statements.

6

Bob Evans Farms, Inc. and Affiliates 401(k) Retirement Plan

Statement of Changes in Net Assets Available for Benefits

Year Ended December 31, 2011

Additions:
Employer contributions	$	1,598,851
Employee contributions		10,847,323
Interest and dividend income		2,137,144
Net depreciation in fair value of investments (Note 4)		(5,357,220	)
		9,226,098
Deductions:
Administrative expenses		1,256,805
Benefits paid directly to participants		20,900,635
		22,157,440
Net decrease		(12,931,342	)
Net assets available for benefits:
Beginning of year		180,663,708
End of year	$	167,732,366

The accompanying notes are an integral part of these financial statements.

7

Bob Evans Farms, Inc. and Affiliates 401(k) Retirement Plan

Notes to Financial Statements

December 31, 2011

1. Description of the Plan

The following description of the Bob Evans Farms, Inc. and Affiliates 401(k) Retirement Plan (the Plan) provides general information about the Plan’s provisions. Participants should refer to the plan document and summary plan description for a more complete description of the Plan’s provisions.

General

The Plan is a contributory defined contribution retirement plan which enables substantially all employees of Bob Evans Farms, Inc. and Affiliates (“Bob Evans” or “the Company”), who have at least 1,000 hours of credited service and are age nineteen or older, to defer a percentage of their wages as a contribution to the Plan with a portion matched by the Company. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, (ERISA).

Contributions

Each year, participants may contribute up to 25% of pretax annual compensation but not more than the limit set by the Internal Revenue Service. Participants may also contribute amounts representing distributions from other qualified plans. The Plan also provides for a discretionary Company contribution, that is determined annually by the Company’s Board of Directors as a Company match or, in previous years a base contribution to the Plan. This amount cannot exceed the maximum amount deductible for federal income tax purposes. Matching contributions are made in proportion to the participants’ deferred compensation. Forfeitures resulting from unvested benefits of the employer matching fund are used to reduce present and future employer matching contributions. All contributions are subject to certain limitations of the Internal Revenue Code (the Code).

Upon enrollment, a participant may direct employee and employer match contributions into various investment options offered by the Plan. The Plan’s assets are held at The Bank of New York Mellon.

8

Bob Evans Farms, Inc. and Affiliates 401(k) Retirement Plan

Notes to Financial Statements (continued)

1. Description of the Plan (continued)

Plan participants are limited to the amount of Bob Evans Common Stock they can hold in the plan and the amount they can direct for future purchases of Bob Evans Common Stock. No more than 10 percent of a participant’s account balance may be invested in Bob Evans Common Stock. Contributions for future purchase of Bob Evans Common Stock are also limited to 10 percent of the total contribution amount.

Participant Accounts

Each participant’s account is credited with the participant’s contributions and the Company’s matching contributions and allocations of plan earnings. Plan earnings are allocated based on the participant’s share of net earnings or losses of their respective elected investment options. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.

Vesting

Participants are immediately vested in their contributions, the former employer base contributions, and former profit sharing contributions, plus actual earnings thereon. Vesting in the Company match portion of their accounts, plus actual earnings thereon, is based on years of continuous service. Participants are twenty percent vested after two years graduating to one hundred percent vested after six years of credited service.

Benefits

Assets available for plan benefits are allocated among the participating employees on the basis of their account balances. Benefits are determined based on the contributions provided by and allocated to them as described above, and their allocable share of the income and expenses of the Plan. Benefits are generally payable upon the employee’s death, retirement, disability, or termination and are paid through lump sum distributions.

Benefit amounts which have been approved and processed for payment, but have not yet been paid were $95,613 at December 31, 2011 and $50,132 at December 31, 2010.

9

Bob Evans Farms, Inc. and Affiliates 401(k) Retirement Plan

Notes to Financial Statements (continued)

1. Description of the Plan (continued)

Forfeitures

As of December 31, 2011 and 2010, there were $559,325 and $532,163, respectively, of non-vested forfeited accounts included in net assets available for benefits which will be used to reduce future employer contributions. Forfeitures used during 2011 and 2010 were approximately $466,384 and $459,842, respectively.

Administrative Expenses

The Plan’s administrative expenses are paid by either the Plan or the Company, as provided by the Plan’s provisions.

Plan Termination

Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and terminate the Plan subject to the provisions of ERISA. In the event of termination, participants will become 100 percent vested in their accounts.

2. Significant Accounting Policies

Basis of Accounting

The accompanying financial statements have been prepared on the accrual basis of accounting.

Payment of Benefits

Benefits are recorded when paid.

Use of Estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

10

Bob Evans Farms, Inc. and Affiliates 401(k) Retirement Plan

Notes to Financial Statements (continued)

2. Significant Accounting Policies (continued)

Investment Valuation and Income Recognition

Investments held by the Plan are stated at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). See Note 9 for further discussion of fair value measurements.

In accordance with Accounting Standards Update (ASC) 820, Fair Value Measurements and Disclosures, assets and liabilities measured at fair value are categorized into the following fair value hierarchy:

• Level 1 – Fair value is based on unadjusted quoted prices for identical assets or liabilities in an active market that the Plan has the ability to access at the measurement date.

• Level 2 – Fair value is based on quoted prices in markets that are not active, quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability.

• Level 3 – Fair value is based on prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable. These inputs reflect management’s judgment about the assumptions that a market participant would use in pricing the investment and are based on the best available information, some of which may be internally developed.

Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded as earned. Dividends are recorded on the ex-dividend date. Net appreciation includes the Plan’s gains and losses on investments bought and sold as well as held during the year.

11

Bob Evans Farms, Inc. and Affiliates 401(k) Retirement Plan

Notes to Financial Statements (continued)

2. Significant Accounting Policies (continued)

New Accounting Pronouncements

In January 2010, the FASB issued Accounting Standards Update 2010-06, Improving Disclosures about Fair Value Measurements, (ASU 2010-06). ASU 2010-06 amended ASC 820 to clarify certain existing fair value disclosures and require a number of additional disclosures. The requirement to present changes in Level 3 measurements on a gross basis is effective for reporting periods beginning after December 15, 2010. Since ASU 2010-06 only affects fair value measurement disclosures, adoption of ASU 2010-06 did not have an effect on the Plan’s net assets available for benefits or its changes in net assets available for benefits.

In May 2011, the FASB issued Accounting Standards Update 2011-04, Amendments to Achieve Common Fair Value Measurements and Disclosure Requirements in U.S. GAAP and IFRSs, (ASU 2011-04). ASU 2011-04 amended ASC 820, Fair Value Measurements and Disclosures, to converge the fair value measurement guidance in US generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRSs). Some of the amendments clarify the application of existing fair value measurement requirements, while other amendments change a particular principle in ASC 820. In addition, ASU 2011-04 requires additional fair value disclosures. The amendments are to be applied prospectively and are effective for annual periods beginning after December 15, 2011. Plan management is currently evaluating the effect that the provisions of ASU 2011-04 will have on the Plan’s financial statements.

3. Reconciliation of Financial Statements to the Form 5500

The following is a reconciliation of net assets available for benefits per the financial statements at December 31, 2011 and 2010 to the Form 5500.

	December 31
	2011		2010
Net assets available for benefits per the financial statements	$	167,732,366	$	180,663,708
Less: Amounts allocated to withdrawing participants		—		50,132
Net assets available for benefits per the Form 5500	$	167,732,366	$	180,613,576

12

Bob Evans Farms, Inc. and Affiliates 401(k) Retirement Plan

Notes to Financial Statements (continued)

3. Reconciliation of Financial Statements to the Form 5500 (continued)

The following is a reconciliation of benefits paid to participants per the financial statements for the year ended December 31, 2011 to the Form 5500:

Benefits paid to participants per the financial statements	$	20,900,635
Add: Amounts allocated on Form 5500 to withdrawing participants at December 31, 2011		—
Less: Amounts allocated on Form 5500 to withdrawing participants at December 31, 2010		(50,132	)
Benefits paid to participants per the Form 5500	$	20,850,503

Amounts allocated to withdrawing participants are recorded on the Form 5500 for benefits payments that have been processed and approved for payment prior to year-end but not paid as of that date.

4. Investments

The Plan’s investments are held by a bank administered trust fund. During 2011, the Plan’s investments (including investments bought, sold, exchanged, as well as held during the year) depreciated in fair value as follows:

Net appreciation/(depreciation) in fair value of investments determined by:
Quoted market price:
Common stocks	$	93,598
Mutual funds		(5,651,456	)
		(5,557,858	)
Estimated fair value:
Mutual funds		177,237
Common/collective trust fund		23,401
		200,638
Net depreciation in fair value of investments	$	(5,357,220	)

13

Bob Evans Farms, Inc. and Affiliates 401(k) Retirement Plan

Notes to Financial Statements (continued)

4. Investments (continued)

Individual investments that represent 5% or more of the Plan’s net assets available for benefits are as follows:

	December 31
	2011		2010
American Funds EuroPacific Growth Fund	$	18,425,911	$	24,748,389
American Funds Money Market Fund		18,126,481		17,829,807
Fundamental Investors Inc.		18,976,391		21,383,759
Lord Abbett Balanced Strategy Fund		19,634,045		22,929,490
Principal Trust Target 2020 Fund		9,456,080		9,615,373
Principal Trust Target 2030 Fund		32,938,928		34,448,091
Principal Trust Target 2040 Fund		18,296,468		18,280,700
Pimco Total Return (a)		8,989,510		—

(a) Investments are new in 2011

5. Related Party Transactions

The Plan owned 147,227 and 150,331 shares of the Company’s Common Stock at December 31, 2011 and 2010, respectively. These transactions qualify as party-in-interest transactions; however, they are exempt from the prohibited transactions rules under ERISA. The current market value of stock represents the closing bid price for the shares at year-end. The accumulated appreciation in the fair value of the Company’s Common Stock was $93,598 more than the cost at December 31, 2011. Cash dividends received from the Company for the year ended December 31, 2011 were $134,657.

6. Nonparticipant-Directed Investments

Historically, fund allocations in the Asset Allocation Fund have been nonparticipant-directed. The Asset Allocation Fund was a balanced fund previously managed by the Plan’s Advisory Committee that invested in several mutual funds and sought to mirror an allocation of stocks and bonds with moderate risk. With the exception of the Company base contributions, participants are permitted to reallocate funds in the Asset Allocation Fund into any of the existing investment options. The Plan does not maintain records of the segregation of funds in the Asset Allocation Fund between nonparticipant-directed and participant-directed.

14

Bob Evans Farms, Inc. and Affiliates 401(k) Retirement Plan

Notes to Financial Statements (continued)

6. Nonparticipant-Directed Investments (continued)

On December 1, 2010, the balances in the Asset Allocation Fund were transferred to the Lord Abbett Balanced Strategy Fund; therefore, as of December 31, 2011 there were no nonparticipant-directed investments.

7. Tax Status

The Plan has received a determination letter from the Internal Revenue Service dated April 3, 2008, stating that the Plan is qualified under Section 401(a) of the Internal Revenue Code (the Code) and, therefore, the related trust is exempt from taxation. Subsequent to this determination by the Internal Revenue Service, the Plan was amended. The Plan has applied for, but has not yet received a new determination letter. Once qualified, the Plan is required to operate in conformity with the Code to maintain its qualification. The Plan Administrator believes the Plan is being operated in compliance with the applicable requirements of the Code and, therefore, believes the Plan, as amended, is qualified and the related trust is tax exempt.

Accounting principles generally accepted in the United States require plan management to evaluate uncertain tax positions taken by the Plan. The financial statement effects of a tax position are recognized when the position is more likely than not, based on the technical merits, to be sustained upon examination by the IRS. The plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2011, there are no uncertain positions taken or expected to be taken. The Plan has recognized no interest or penalties related to uncertain tax positions. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Plan administrator believes it is no longer subject to income tax examinations for years prior to 2008.

8. Risks and Uncertainties

The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market volatility and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the statements of net assets available for benefits.

15

Bob Evans Farms, Inc. and Affiliates 401(k) Retirement Plan

Notes to Financial Statements (continued)

9. Fair Value Measurements

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., an exit price). The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets and liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

Level 1 – Unadjusted quoted prices in active markets that are accessible to the reporting entity at the measurement date for identical assets and liabilities.

Level 2 – Inputs other than quoted prices in active markets for identical assets and liabilities that are observable either directly or indirectly for substantially the full term of the asset or liability. Level 2 inputs include the following:

• quoted prices for similar assets and liabilities in active markets

• quoted prices for identical or similar assets or liabilities in markets that are not active

• observable inputs other than quoted prices that are used in the valuation of the asset or liabilities (e.g., interest rate and yield curve quotes at commonly quoted intervals)

• inputs that are derived principally from or corroborated by observable market data by correlation or other means

Level 3 – Unobservable inputs for the asset or liability (i.e., supported by little or no market activity). Level 3 inputs include management’s own assumption about the assumptions that market participants would use in pricing the asset or liability (including assumptions about risk).

The level in the fair value hierarchy within which the fair value measurement is classified is determined based on the lowest level input that is significant to the fair value measure in its entirety.

16

Bob Evans Farms, Inc. and Affiliates 401(k) Retirement Plan

Notes to Financial Statements (continued)

9. Fair Value Measurements (continued)

Following is a description of the valuation techniques and inputs used for each major class of assets measured at fair value by the Plan.

Mutual funds and corporate stock: Valued at the closing price reported on the active market on which the individual securities are traded.

Money market funds and common collective trusts’ (CCTs): Valued at the net asset value (NAV) of shares held by the Plan at year end.

The preceding methods described may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

17

Bob Evans Farms, Inc. and Affiliates 401(k) Retirement Plan

Notes to Financial Statements (continued)

9. Fair Value Measurements (continued)

The following table sets forth by level, within the fair value hierarchy, the Plan’s assets carried at fair value as of December 31, 2011 and 2010:

	Assets at Fair Value as of December 31, 2011
	Level 1		Level 2		Level 3		Total
Corporate stock:
Bob Evans Farms, Inc.	$	4,937,994	$	—	$	—	$	4,937,994
Total corporate stock		4,937,994		—		—		4,937,994
Money market fund:
American Fund Money Market Fund		—		18,126,481		—		18,126,481
Total money market fund		—		18,126,481		—		18,126,481
Common/collective trust fund:
Cash and cash equivalents		—		1,674,973				1,674,973
Total common/collective trust fund		—		1,674,973				1,674,973
Mutual funds:
Equity		65,479,579		66,223,732		—		131,703,311
Fixed income securities		9,373,164		—		—		9,373,164
Total mutual funds		74,852,743		66,223,732		—		141,076,475
Total assets at fair value	$	79,790,737	$	86,025,186	$	—	$	165,815,923

18

Bob Evans Farms, Inc. and Affiliates 401(k) Retirement Plan

Notes to Financial Statements (continued)

9. Fair Value Measurements (continued)

	Assets at Fair Value as of December 31, 2010
	Level 1		Level 2		Level 3		Total
Corporate stock:
Bob Evans Farms, Inc.	$	4,954,910	$	—	$	—	$	4,954,910
Total corporate stock		4,954,910		—		—		4,954,910
Money market fund:
American Fund Money Market Fund		—		17,829,807		—		17,829,807
Total money market fund		—		17,829,807		—		17,829,807
Common/collective trust fund:
Cash and cash equivalents		—		1,580,737				1,580,737
Total common/collective trust fund		—		1,580,737				1,580,737
Mutual funds:
Equity		76,386,007		66,778,540		—		143,164,547
Fixed income securities		8,934,816		—		—		8,934,816
Total mutual funds		85,320,823		66,778,540		—		152,099,363
Total assets at fair value	$	90,275,733	$	86,189,084	$	—	$	176,464,817

19

Bob Evans Farms, Inc. and Affiliates 401(k) Retirement Plan

Schedule H, Line 4i – Schedule of Assets

(Held at End of Year)

EIN # 31-4421866 Plan # 001

December 31, 2011

	Face Value
	or Number				Current
Description	of Shares		Cost		Value
Cash and Short-Term Investments
Mellon Short-Term Investment Fund		1,674,973	$	1,674,973	$	1,674,973
				1,674,973		1,674,973
Corporate Stock
Bob Evans Farms, Inc.		147,227		3,813,048		4,937,994
				3,813,048		4,937,994
Mutual Funds
American EuroPacific Growth Fund		524,059		20,051,959		18,425,911
American Funds Money Market Fund		18,126,481		18,126,481		18,126,481
Blackrock Bond Portfolio		32,847		385,560		383,654
Pimco Total Return		827,002		8,923,688		8,989,510
Fundamental Investors Inc.		536,208		18,152,384		18,976,391
Lord Abbett Balanced Strategy Fund		1,985,242		20,548,749		19,634,045
Principal Trust Income Fund		59,378		728,969		756,231
Principal Trust Target 2010 Fund		294,534		3,886,723		4,066,072
Principal Trust Target 2020 Fund		663,864		9,135,675		9,456,080
Principal Trust Target 2030 Fund		2,281,082		31,984,784		32,938,928
Principal Trust Target 2040 Fund		1,259,624		17,994,823		18,296,468
Principal Trust Target 2050 Fund		49,021		733,141		709,953
Vanguard Institutional Index Fund		60,089		6,722,534		6,912,689
Vanguard Small Cap Index Fund		45,852		1,611,453		1,530,543
				158,986,923		159,202,956
Total assets held for investment purposes at end of year			$	164,474,944	$	165,815,923

20

SIGNATURES

The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

	BOB EVANS FARMS, INC. AND AFFILIATES 401K RETIREMENT PLAN
Date: June 27, 2012	By:	/s/ Joseph R. Eulberg
		Joseph R. Eulberg
		Member of the Bob Evans Farms, Inc. and Affiliates 401K Retirement Plan Committee (also known as the Deferral Plan Committee)

21