BARNWELL INDUSTRIES INC — Director's Dealing 2004

Oct 12, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BARNWELL INDUSTRIES INC (BRN)
CIK: 0000010048
Period of Report: 2004-10-07

Reporting Person: KINZLER ALEXANDER C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-10-07	Common Stock	M	20000	$13.063	Acquired	42670	Direct
2004-10-07	Common Stock	D	5000	$47.5	Disposed	37670	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-10-07	Employee Stock Option (Right to Buy)	$13.063	M	20000	Disposed	2004-12-30	Common Stock (20000)	Direct