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^*

HOUSE PAUL D

(Last)

(First)

(Middle)

4150 TULLER ROAD, UNIT 236

(Street)

DUBLIN

43017

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Tim Hortons Inc. [ THI ]

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive Chairman

3. Date of Earliest Transaction (Month/Day/Year)
04/08/2009

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	04/08/2009		S⁽¹⁾		10,400	D	$25.99⁽²⁾	226,050.309	D
Common Stock	04/08/2009		S⁽¹⁾		13,800	D	$25.94⁽³⁾	212,250.309	D
Common Stock	04/08/2009		S⁽¹⁾		600	D	$25.93⁽⁴⁾	211,650.309	D
Common Stock	04/08/2009		S⁽¹⁾		25,200	D	$25.9⁽⁵⁾	186,450.309⁽⁶⁾	D

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)

Explanation of Responses:

1. Sale of shares effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 25, 2009 and instructions effective March 9, 2009.

2. The U.S. price reported represents the approximate equivalent of Cdn.$32.11, as converted into U.S. dollars on the transaction date using the noon buying rate of Bank of Canada for cable transfer payable in foreign currency, as certified for customs purposes by the Bank of Canada.

3. The U.S. price reported represents the approximate equivalent of Cdn.$32.05, as converted into U.S. dollars on the transaction date using the noon buying rate of Bank of Canada for cable transfer payable in foreign currency, as certified for customs purposes by the Bank of Canada.

4. The U.S. price reported represents the approximate equivalent of Cdn.$32.04, as converted into U.S. dollars on the transaction date using the noon buying rate of Bank of Canada for cable transfer payable in foreign currency, as certified for customs purposes by the Bank of Canada.

5. The U.S. price reported represents the approximate equivalent of Cdn.$32.00, as converted into U.S. dollars on the transaction date using the noon buying rate of Bank of Canada for cable transfer payable in foreign currency, as certified for customs purposes by the Bank of Canada.

6. Aggregate total includes additional restricted stock units (RSUs) acquired pursuant to dividend equivalent rights acquired in connection with outstanding RSUs granted to reporting person under the Issuer's 2006 Stock Incentive Plan as well as a trivial administrative adjustment of less than one RSU to balance records.

	Jill E. Aebker, Attorney-in-Fact	04/09/2009
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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