TrueBlue, Inc. — Director's Dealing 2012

Feb 22, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TrueBlue, Inc. (TBI)
CIK: 0000768899
Period of Report: 2012-02-21

Reporting Person: Wheeler Noel S (EVP, TrueBlue Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-21	Common Stock	M	27448	$9.08	Acquired	80215	Direct
2012-02-21	Common Stock	S	27448	$16.79	Disposed	52767	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-21	Options (Right to Buy)	$9.08	M	27448	Disposed	2016-02-06	Common Stock (27448)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $16.70 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.

F2: Options subject to this grant fully vested on the third anniversary of the grant date.