SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

SLITER EVERIT A

(Last)

(First)

(Middle)

49 COMMONS LOOP

(Street)

KALISPELL

59901

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
GLACIER BANCORP INC [ GBCI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Chairman of the Board

3. Date of Earliest Transaction (Month/Day/Year)
02/15/2007

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/15/2007		G		6,250	D	$0.00	57,722	D⁽¹⁾⁽²⁾
Common Stock	02/15/2007		P		1,200	A	$24.54	343,486	I⁽²⁾⁽³⁾	IRA
Common Stock	02/15/2007		P		950	A	$24.54	344,436	I⁽²⁾⁽⁴⁾	SEPP
Common Stock	02/16/2007		P		760	A	$24.69	345,196	I⁽²⁾⁽⁵⁾	SRA

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (right to buy)	$9.44							07/29/2003	01/29/2008	Common Stock	3,869⁽²⁾		3,869	D
Stock Option (right to buy)	$13.37							07/28/2004	01/28/2009	Common Stock	3,516⁽²⁾		7,385	D
Stock Option (right to buy)	$16.67							07/26/2005	01/26/2010	Common Stock	3,722⁽²⁾		11,107	D
Stock Option (right to buy)	$20.96							07/25/2006	01/25/2011	Common Stock	3,750⁽²⁾		14,857	D
Stock Option (right to buy)	$23.47							07/30/2007	01/31/2012	Common Stock	2,500		17,357	D

Explanation of Responses:

1. Includes 18,855 shares held individually and 38,867 shares owned jointly with Mr. Sliter's wife.

2. Shares are adjusted for a three-for-two stock split paid to all Glacier Bancorp, Inc. shareholders on December 14, 2006.

3. Mr. Sliter holds 23,752 shares in a SEPP account; 5,656 shares in an SRA account; 152,239 shares in an IRA account for his benefit; 3,444 shares in a family LP; 44,817 shares in an IRA account for the benefit of Mr. Sliter's wife and 113,578 shares owned by Mr. Sliter's wife.

4. Mr. Sliter holds 24,702 shares in a SEPP account; 5,656 shares in an SRA account; 152,239 shares in an IRA account for his benefit; 3,444 shares in a family LP; 44,817 shares in an IRA account for the benefit of Mr. Sliter's wife and 113,578 shares owned by Mr. Sliter's wife.

5. Mr. Sliter holds 24,702 shares in a SEPP account; 6,416 shares in an SRA account; 152,239 shares in an IRA account for his benefit; 3,444 shares in a family LP; 44,817 shares in an IRA account for the benefit of Mr. Sliter's wife and 113,578 shares owned by Mr. Sliter's wife.

Remarks:

	James H. Strosahl on behalf of Everit A. Sliter	02/19/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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