TrueBlue, Inc. — Director's Dealing 2011

Feb 15, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TrueBlue, Inc. (TBI)
CIK: 0000768899
Period of Report: 2011-02-11

Reporting Person: MCCHESNEY THOMAS (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-14	Common Stock	M	7500	$13.45	Acquired	29703	Direct
2011-02-14	Common Stock	S	7500	$17.50	Disposed	22203	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-11	Deferred Stock Award	$	A	7280	Acquired		Common Stock (7280)	Direct
2011-02-14	Options (Right to buy)	$13.45	M	7500	Disposed	2014-01-02	Common Stock (7500)	Direct

Footnotes

F1: Mr. McChesney also owns 7,000 shares indirectly in an IRA and 2,000 shares indirectly in his spouse's IRA.

F2: Each deferred stock award represents a right to receive one share of TrueBlue, Inc. common stock.

F3: The deferred stock award is fully vested. Delivery of the shares to Mr. McChesney will be made ninety days after the date of his separation of service on the Board of Directors.