TrueBlue, Inc. — Director's Dealing 2012

Feb 14, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TrueBlue, Inc. (TBI)
CIK: 0000768899
Period of Report: 2012-02-10

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-10	Common Stock	A	14553	—	Acquired	52500	Direct
2012-02-11	Common Stock	F	933	$16.89	Disposed	51567	Direct
2012-02-13	Common Stock	M	14331	$9.08	Acquired	65898	Direct
2012-02-13	Common Stock	S	14331	$17.13	Disposed	51567	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-13	Options (Right to Buy)	$9.08	M	14331	Disposed	2016-02-06	Common Stock (14331)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5128	Indirect

Footnotes

F1: The shares acquired represent a grant of restricted stock that will vest over a 3-year period in equal annual installments.

F2: This transaction was executed in multiple trades at prices ranging from $17.03 to $17.32. 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: The sales reported on this Form 4 were effected pursuant to a preplanned trading program designed to meet the requirements of Rule 10b5-1. This plan was adopted by Mr. Gafford on February 13, 2012.

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