GLACIER BANCORP, INC. — Director's Dealing 2007

Sep 5, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLACIER BANCORP INC (GBCI)
CIK: 0000868671
Period of Report: 2007-08-31

Reporting Person: FETSCHER ALLEN J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-08-31	Common Stock	S	250	$21.84	Disposed	283320	Indirect
2007-08-31	Common Stock	S	400	$21.88	Disposed	282920	Indirect
2007-08-31	Common Stock	S	200	$21.89	Disposed	282720	Indirect
2007-08-31	Common Stock	S	700	$21.90	Disposed	282020	Indirect
2007-08-31	Common Stock	S	731	$21.93	Disposed	281289	Indirect
2007-08-31	Common Stock	S	100	$21.94	Disposed	281189	Indirect
2007-08-31	Common Stock	S	100	$21.95	Disposed	281089	Indirect
2007-08-31	Common Stock	S	600	$21.96	Disposed	280489	Indirect
2007-08-31	Common Stock	S	100	$21.98	Disposed	280389	Indirect
2007-08-31	Common Stock	S	700	$22.00	Disposed	279689	Indirect
2007-08-31	Common Stock	S	100	$22.03	Disposed	279589	Indirect
2007-08-31	Common Stock	S	1000	$22.04	Disposed	278589	Indirect
2007-08-31	Common Stock	S	100	$22.05	Disposed	278489	Indirect
2007-08-31	Common Stock	S	400	$22.06	Disposed	278089	Indirect
2007-08-31	Common Stock	S	100	$22.07	Disposed	277989	Indirect
2007-08-31	Common Stock	S	1200	$22.10	Disposed	276789	Indirect
2007-08-31	Common Stock	S	1100	$22.15	Disposed	275689	Indirect
2007-08-31	Common Stock	S	100	$22.17	Disposed	275589	Indirect
2007-08-31	Common Stock	S	1456	$22.20	Disposed	274133	Indirect
2007-08-31	Common Stock	S	100	$22.24	Disposed	274033	Indirect
2007-08-31	Common Stock	S	1463	$22.27	Disposed	272570	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$9.44	2008-01-29	Common Stock (3869)	3869	Direct
Stock Option (right to buy)	$13.37	2009-01-28	Common Stock (3516)	7385	Direct
Stock Option (right to buy)	$16.67	2010-01-26	Common Stock (3722)	11107	Direct
Stock Option (right to buy)	$20.96	2011-01-25	Common Stock (3750)	14857	Direct
Stock Option (right to buy)	$23.47	2012-01-31	Common Stock (2500)	17357	Direct

Footnotes

F1: Mr. Fetscher also hold 82,894 shares directly.

F2: Includes 83,724 shares owned by Mr. Fetscher's wife; 1,803 shares held in a simplified employee pension plan for Mr. Fetscher's benefit; 68,477 shares held as trustee for Mr. Fetscher's children; and 129,316 shares held in a family corporation.

F3: Shares are adjusted for a three-for-two stock split paid to all Glacier Bancorp, Inc. shareholders on December 14, 2006.

F4: Includes 83,724 shares owned by Mr. Fetscher's wife; 1,803 shares held in a simplified employee pension plan for Mr. Fetscher's benefit; 68,477 shares held as trustee for Mr. Fetscher's children; and 128,916 shares held in a family corporation

F5: Includes 83,724 shares owned by Mr. Fetscher's wife; 1,803 shares held in a simplified employee pension plan for Mr. Fetscher's benefit; 68,477 shares held as trustee for Mr. Fetscher's children; and 128,716 shares held in a family corporation

F6: Includes 83,724 shares owned by Mr. Fetscher's wife; 1,803 shares held in a simplified employee pension plan for Mr. Fetscher's benefit; 68,477 shares held as trustee for Mr. Fetscher's children; and 128,016 shares held in a family corporation

F7: Includes 83,724 shares owned by Mr. Fetscher's wife; 1,803 shares held in a simplified employee pension plan for Mr. Fetscher's benefit; 68,477 shares held as trustee for Mr. Fetscher's children; and 127,285 shares held in a family corporation

F8: Includes 83,724 shares owned by Mr. Fetscher's wife; 1,803 shares held in a simplified employee pension plan for Mr. Fetscher's benefit; 68,477 shares held as trustee for Mr. Fetscher's children; and 127,185 shares held in a family corporation

F9: Includes 83,724 shares owned by Mr. Fetscher's wife; 1,803 shares held in a simplified employee pension plan for Mr. Fetscher's benefit; 68,477 shares held as trustee for Mr. Fetscher's children; and 127,085 shares held in a family corporation

F10: Includes 83,724 shares owned by Mr. Fetscher's wife; 1,803 shares held in a simplified employee pension plan for Mr. Fetscher's benefit; 68,477 shares held as trustee for Mr. Fetscher's children; and 126,485 shares held in a family corporation

F11: Includes 83,724 shares owned by Mr. Fetscher's wife; 1,803 shares held in a simplified employee pension plan for Mr. Fetscher's benefit; 68,477 shares held as trustee for Mr. Fetscher's children; and 126,385 shares held in a family corporation

F12: Includes 83,724 shares owned by Mr. Fetscher's wife; 1,803 shares held in a simplified employee pension plan for Mr. Fetscher's benefit; 68,477 shares held as trustee for Mr. Fetscher's children; and 125,685 shares held in a family corporation

F13: Includes 83,724 shares owned by Mr. Fetscher's wife; 1,803 shares held in a simplified employee pension plan for Mr. Fetscher's benefit; 68,477 shares held as trustee for Mr. Fetscher's children; and 125,585 shares held in a family corporation

F14: Includes 83,724 shares owned by Mr. Fetscher's wife; 1,803 shares held in a simplified employee pension plan for Mr. Fetscher's benefit; 68,477 shares held as trustee for Mr. Fetscher's children; and 124,585 shares held in a family corporation

F15: Includes 83,724 shares owned by Mr. Fetscher's wife; 1,803 shares held in a simplified employee pension plan for Mr. Fetscher's benefit; 68,477 shares held as trustee for Mr. Fetscher's children; and 124,485 shares held in a family corporation

F16: Includes 83,724 shares owned by Mr. Fetscher's wife; 1,803 shares held in a simplified employee pension plan for Mr. Fetscher's benefit; 68,477 shares held as trustee for Mr. Fetscher's children; and 124,085 shares held in a family corporation

F17: Includes 83,724 shares owned by Mr. Fetscher's wife; 1,803 shares held in a simplified employee pension plan for Mr. Fetscher's benefit; 68,477 shares held as trustee for Mr. Fetscher's children; and 123,985 shares held in a family corporation

F18: Includes 83,724 shares owned by Mr. Fetscher's wife; 1,803 shares held in a simplified employee pension plan for Mr. Fetscher's benefit; 68,477 shares held as trustee for Mr. Fetscher's children; and 122,785 shares held in a family corporation

F19: Includes 83,724 shares owned by Mr. Fetscher's wife; 1,803 shares held in a simplified employee pension plan for Mr. Fetscher's benefit; 68,477 shares held as trustee for Mr. Fetscher's children; and 121,685 shares held in a family corporation

F20: Includes 83,724 shares owned by Mr. Fetscher's wife; 1,803 shares held in a simplified employee pension plan for Mr. Fetscher's benefit; 68,477 shares held as trustee for Mr. Fetscher's children; and 121,585 shares held in a family corporation

F21: Includes 83,724 shares owned by Mr. Fetscher's wife; 1,803 shares held in a simplified employee pension plan for Mr. Fetscher's benefit; 68,477 shares held as trustee for Mr. Fetscher's children; and 120,129 shares held in a family corporation

F22: Includes 83,724 shares owned by Mr. Fetscher's wife; 1,803 shares held in a simplified employee pension plan for Mr. Fetscher's benefit; 68,477 shares held as trustee for Mr. Fetscher's children; and 120,029 shares held in a family corporation

F23: Includes 83,724 shares owned by Mr. Fetscher's wife; 1,803 shares held in a simplified employee pension plan for Mr. Fetscher's benefit; 68,477 shares held as trustee for Mr. Fetscher's children; and 118,566 shares held in a family corporation