TIMBERLAND BANCORP INC — Director's Dealing 2006

May 30, 2006

SEC Form 4/A — Form 4/A

Issuer: TIMBERLAND BANCORP INC (TSBK)
CIK: 0001046050
Period of Report: 2006-05-25

Reporting Person: PARKER JON C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-25	Common Stock, $.01 par value per share	M	2700	$12	Acquired	25135	Direct
2006-05-25	Common Stock, $.01 par value per share	S	2700	$30.99	Disposed	22435	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-25	Stock Option (right to buy)	$12	M	2700	Disposed	2009-01-29	Common Stock (2700)	Direct

Footnotes

F1: Includes indirect ownership of 18,700 shares held by IRA and 500 shares held by children; does not reflect beneficial ownership of stock options reportable on Table II.

F2: This amendment is being filed to correct the sale price of the shares that were sold on May 25,2006.