X0202 4/A 2007-10-23 2007-10-25 0 0001046050 TIMBERLAND BANCORP INC TSBK 0001251572 SAND MICHAEL R 128 BEACON HILL DRIVE HOQUIAM WA 98550 1 1 0 0 President and CEO Common Stock, $0.01 par value 2007-10-23 4 A 0 1000 A 78860 D Reason for Amendment: Information was included on Table II on the reporting person's original Form 4 that was not applicable to the reported transaction, and the transaction code was incorrectly stated. The Form 4 that was originally filed on October 25, 2007 has been restated in its entirety. Represents award of restricted stock under the Management Recognition and Development Plan ("MRDP"). The shares vest in equal installments over the five year period following the award date. Includes indirect ownership of 31,804 shares held by pension plan, 1,778 shares held by IRA, 1,778 shares held by wife, 2,500 shares held by children, and 1,000 shares held by MRDP Trust, does not reflect beneficial ownership of stock options reportable on Table II. /s/Michael R. Sand 2008-02-13