TrueBlue, Inc. — Director's Dealing 2017

Feb 14, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TrueBlue, Inc. (TBI)
CIK: 0000768899
Period of Report: 2017-02-10

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-10	Common Stock	A	8106	$0.00	Acquired	53284	Direct
2017-02-10	Common Stock	A	7882	$0.00	Acquired	61166	Direct
2017-02-10	Common Stock	F	2137	$25.20	Disposed	59029	Direct
2017-02-13	Common Stock	S	8000	$25.15	Disposed	51029	Direct

Footnotes

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

F2: On February 7, 2014, the reporting person was granted Performance Share Units representing an indeterminate number of shares of Issuer's common stock which were contingent upon the meeting of certain company performance criteria. The performance period ended January 1, 2017 resulting in the vesting of the Performance Share Units into shares of the Issuer's common stock on February 10, 2017.

F3: This transaction was executed in multiple trades at prices ranging from $25.10 to $25.20. 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: This total includes approximately 9,633 shares purchased pursuant to the TrueBlue, Inc. Employee Share Purchase Plan.