BARNWELL INDUSTRIES INC — Director's Dealing 2007

Aug 20, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BARNWELL INDUSTRIES INC (BRN)
CIK: 0000010048
Period of Report: 2007-08-16

Reporting Person: Gifford Russell M (Director, EVP, CFO, Treasurer, Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-08-16	Common Stock	M	7500	$1.98	Acquired	49800	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-08-16	Employee Stock Options	$1.98	M	6000	Disposed	2009-12-05	Common Stock (6000)	Direct
2007-08-16	Employee Stock Options	$1.98	M	1500	Disposed	2009-12-05	Common Stock (1500)	Direct