TIMBERLAND BANCORP INC — Director's Dealing 2005

Jun 20, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIMBERLAND BANCORP INC (kkiwd#6q)
CIK: 0001046050
Period of Report: 2005-06-17

Reporting Person: MORRIS RICHARD R JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-06-17	Common Stock, $.01 par value per share	M	5668	$12	Acquired	57003	Direct
2005-06-17	Coomon Stock, $ .01 par value per share	S	5668	$22.69	Disposed	51335	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-06-17	Stock Options (right to buy)	$12	M	5668	Disposed	2009-01-29	Common Stock (5668)	Direct

Footnotes

F1: Includes indirect ownership of 2,267 shares held by MRDP Trust; does not reflect the beneficial ownership of stock options that are reported on Table II.