BARNWELL INDUSTRIES INC — Director's Dealing 2007

Oct 16, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BARNWELL INDUSTRIES INC (BRN)
CIK: 0000010048
Period of Report: 2007-10-12

Reporting Person: Gifford Russell M (Director, EVP, CFO, Tres., Secy.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-10-12	Common Stock	S	35000	$15.25	Disposed	9700	Direct
2007-10-15	Common Stock	F	5200	$14.95	Disposed	4500	Direct
2007-10-15	Common Stock	M	40000	$1.98	Acquired	44500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-10-15	Employee Stock Options	$1.98	M	10000	Disposed	2009-12-05	Common Stock (10000)	Direct
2007-10-15	Employee Stock Options	$1.98	M	30000	Disposed	2009-12-05	Common Stock (30000)	Direct