TIMBERLAND BANCORP INC — Director's Dealing 2003

Aug 5, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIMBERLAND BANCORP INC (TSBK)
CIK: 0001046050
Period of Report: 2003-08-04

Reporting Person: SAND MICHAEL R (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-04	Common Stock, $.01 par value per share	S	6000	$22.74	Disposed	46970	Direct

Footnotes

F1: Includes indirect ownership of 12,696 shares held by MRDP Trust, 15,902 shares held by pension plan, 889 shares held by IRA, 889 shares held by wife, and 1,250 shares held by children; does not reflect beneficial ownership of stock options reportable on Table II.