TIMBERLAND BANCORP INC — Director's Dealing 2007

Dec 20, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIMBERLAND BANCORP INC (TSBK)
CIK: 0001046050
Period of Report: 2007-12-19

Reporting Person: ROBBEL RONALD A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-19	Common Stock, $.01 par value per share	M	1500	$13.75	Acquired	7485	Direct

Footnotes

F1: Includes indirect ownership of 6,500 shares held by IRA and 985 shares held by MRDP Trust; does not reflect beneficial ownership of stock options reportable on Table II.