TrueBlue, Inc. — Director's Dealing 2012

Mar 14, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TrueBlue, Inc. (TBI)
CIK: 0000768899
Period of Report: 2012-03-12

Reporting Person: DEFEBAUGH JAMES E (EVP, General Counsel & Sec.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-12	Common Stock	S	5000	$17.24	Disposed	41919	Direct
2012-03-12	Common Stock	M	10448	$9.08	Acquired	52367	Direct
2012-03-12	Common Stock	S	10448	$17.24	Disposed	41919	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-12	Options (Right to Buy)	$9.08	M	10448	Disposed	2016-02-06	Common Stock (10448)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3801	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $17.24 to $17.25. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer the detailed information regarding the number of shares sold at each separate price.

F2: This total includes approximately 928 additional shares acquired pursuant to the Employee Stock Purchase Plan.

F3: This transaction was executed in multiple trades at prices ranging from $17.23 to $17.25. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer the detailed information regarding the number of shares sold at each separate price.

F4: Options subject to this grant fully vested on the third anniversary of the grant date.