TIMBERLAND BANCORP INC — Director's Dealing 2006

Oct 26, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIMBERLAND BANCORP INC (TSBK)
CIK: 0001046050
Period of Report: 2006-10-24

Reporting Person: HAMRE CLARENCE E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-10-24	Common Stock, $.01 par value per share	A	220	—	Acquired	43095	Direct

Footnotes

F1: Represents award of restricted stock under the Management Recognition and Development Plan. The shares vest in equal installments over the five year period following award date.

F2: Includes indirect ownership of 20,000 shares held by wife, 1,135 held by IRA, and 220 shares held by MRDP Trust; does not reflect beneficial ownership of stock options reportable on Table II.