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TIMBERLAND BANCORP INC Director's Dealing 2008

Jun 26, 2008

33448_dirs_2008-06-26_7c1f3800-d833-4ec6-8f65-21aacc48435e.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIMBERLAND BANCORP INC (TSBK)
CIK: 0001046050
Period of Report: 2008-06-24

Reporting Person: DRUGGE ROBERT A (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-06-24	Common Stock, $.01 par value per share	A	3000	—	Acquired	14800	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.01 par value per share	1200	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 the award date.