TrueBlue, Inc. — Director's Dealing 2012

Feb 29, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TrueBlue, Inc. (TBI)
CIK: 0000768899
Period of Report: 2012-02-27

Reporting Person: Gafford Derrek Lane (Executive VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-27	Common Stock	M	19931	$9.08	Acquired	71498	Direct
2012-02-27	Common Stock	S	19931	$16.91	Disposed	51567	Direct
2012-02-28	Common Stock	S	10000	$16.71	Disposed	41567	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-27	Options (Right to Buy)	$9.08	M	19931	Disposed	2016-02-06	Common Stock (19931)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5128	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $16.87 to $16.95. 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 transaction was executed in multiple trades at prices ranging from $16.58 to $16.85. 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.

F3: Options subject to this grant fully vested on the third anniversary of the grant date.