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
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Rosar Curtis Allan 		2. Issuer Name and Ticker or Trading Symbol

Cardinal Ethanol LLC [ NA ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

3587 WERNLE ROAD 		3. Date of Earliest Transaction (MM/DD/YYYY)

4/1/2011
(Street)

RICHMOND, IN 47374
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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
Limited Liablity Company Membership Units   4/1/2011     P    4   A $3625   (1) 36   D    
Limited Liablity Company Membership Units   4/1/2011     P    6   A $3710   (1) 36   D    
Limited Liablity Company Membership Units   4/1/2011     P    10   A $3500   (1) 36   D    
Limited Liablity Company Membership Units   4/1/2011     P    10   A $3500   (1) 30   I   Units owned by Quad Investments of which Mr. Rosar is a principal.  
Limited Liablity Company Membership Units                  40   I   Held by Marian Rosar Irrevocable Trust  
Limited Liablity Company Membership Units                  40   I   Units held by Rosar Family, LP of which Mr. Rosar is a principal.  
Limited Liablity Company Membership Units                  100   I   Units held by Devco Realty of which Mr. Rosar is a principal.  
Limited Liablity Company Membership Units                  150   I   Units held by C. Allan Rosar IRA  
Limited Liablity Company Membership Units                  10   I   Units owned by Naomi C. Keeuper Revocable Living Trust  
Limited Liablity Company Membership Units                  10   I   Units owned by Carrie Seller Roth IRA  
Limited Liablity Company Membership Units                  10   I   Units held by Saron Rexing IRA  
Limited Liablity Company Membership Units                  20   I   Units held by Sarah Burnham Roth IRA  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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

Explanation of Responses:
( 1)  per unit

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Rosar Curtis Allan
3587 WERNLE ROAD
RICHMOND, IN 47374 		X



Signatures
/s/ Curtis A. Rosar 4/1/2011
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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