TIMBERLAND BANCORP INC — Director's Dealing 2007

Feb 7, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIMBERLAND BANCORP INC (TSBK)
CIK: 0001046050
Period of Report: 2007-02-06

Reporting Person: Bailey Kathie M (SVP & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-06	Common Stock, $.01 par value per share	S	6750	$36.82	Disposed	5000	Direct

Footnotes

F1: Does not reflect beneficial ownership of stock options reportable on Table II.