TIMBERLAND BANCORP INC — Director's Dealing 2008

Dec 5, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIMBERLAND BANCORP INC (TSBK)
CIK: 0001046050
Period of Report: 2008-12-04

Reporting Person: HAMRE CLARENCE E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-12-04	Common Stock, @.01 par value per share	A	1168	—	Acquired	138159	Direct

Footnotes

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

F2: Includes indirect ownership of 40,000 shares held by wife and 2,270 shares held by IRA.