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^*

CROCKER CHARLES

(Last)

(First)

(Middle)

1405 MONTGOMERY STREET

(Street)

SAN FRANCISCO,

94133

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
POPE & TALBOT INC /DE/ [ POP ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/30/2004

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	08/30/2004	08/30/2004	M		2,000	A	$15.25	3,000	D
Common Stock	08/30/2004	08/30/2004	M		1,000	A	$14.375	4,000	D
Common Stock	08/30/2004	08/30/2004	M		1,000	A	$15.688	5,000	D
Common Stock	08/30/2004	08/30/2004	M		1,097	A	$8.75	6,097	D
Common Stock	08/30/2004	08/30/2004	M		1,531	A	$6.375	7,628	D
Common Stock	08/30/2004	08/30/2004	M		1,000	A	$9.5625	8,628	D
Common Stock	08/30/2004	08/30/2004	M		589	A	$12.688	9,217	D
Common Stock	08/30/2004	08/30/2004	M		592	A	$12.375	9,809	D
Common Stock	08/30/2004	08/30/2004	M		406	A	$16	10,215	D
Common Stock	08/30/2004	08/30/2004	M		381	A	$16	10,596	D
Common Stock	08/30/2004	08/30/2004	M		400	A	$14.3125	10,996	D
Common Stock	08/30/2004	08/30/2004	M		386	A	$16.8125	11,382	D
Common Stock	08/30/2004	08/30/2004	M		514	A	$12.4	11,896	D
Common Stock	08/30/2004	08/30/2004	M		3,000	A	$12.58	14,896	D
Common Stock	08/30/2004	08/30/2004	M		563	A	$12.91	15,459	D
Common Stock	08/30/2004	08/30/2004	M		566	A	$13.15	16,025	D
Common Stock	08/30/2004	08/30/2004	M		482	A	$14.25	16,507	D
Common Stock	08/30/2004	08/30/2004	M		449	A	$14.66	16,956	D
Common Stock	08/30/2004	08/30/2004	M		3,000	A	$14	19,956	D
Common Stock	08/30/2004	08/30/2004	M		501	A	$12.85	20,457	D
Common Stock	08/30/2004	08/30/2004	M		506	A	$14.26	20,963	D
Common Stock	08/30/2004	08/30/2004	M		542	A	$12.55	21,505	D
Common Stock	08/30/2004	08/30/2004	M		3,000	A	$13.11	24,505	D
Common Stock	08/30/2004	08/30/2004	M		542	A	$11.05	25,047	D
Common Stock	08/30/2004	08/30/2004	M		74	A	$11.05	25,121	D
Common Stock	08/30/2004	08/30/2004	M		450	A	$15.12	25,571	D
Common Stock	08/30/2004	08/30/2004	S		20,671	D	$18.7896	4,900	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)
Option To Buy	$15.25	08/30/2004		M			2,000	04/30/1996	04/29/2006	Common Stock	2,000	$0	0	D
Option To Buy	$14.375	08/30/2004		M			1,000	04/30/1997	04/29/2007	Common Stock	1,000	$0	0	D
Option To Buy	$15.6875	08/30/2004		M			1,000	04/30/1998	04/29/2008	Common Stock	1,000	$0	0	D
Option To Buy	$8.75	08/30/2004		M			1,097	01/04/1999	01/03/2009	Common Stock	1,097	$0	0	D
Option To Buy	$6.375	08/30/2004		M			1,531	04/01/1999	03/31/2009	Common Stock	1,531	$0	0	D
Option To Buy	$9.5625	08/30/2004		M			1,000	04/29/1999	04/28/2009	Common Stock	1,000	$0	0	D
Option To Buy	$12.6875	08/30/2004		M			589	07/01/1999	06/30/2009	Common Stock	589	$0	0	D
Option To Buy	$12.375	08/30/2004		M			592	10/01/1999	09/30/2009	Common Stock	592	$0	0	D
Option To Buy	$16	08/30/2004		M			406	01/03/2000	01/02/2010	Common Stock	406	$0	0	D
Option To Buy	$16	08/30/2004		M			381	07/03/2000	07/02/2010	Common Stock	381	$0	0	D
Option To Buy	$14.3125	08/30/2004		M			400	10/02/2000	10/01/2010	Common Stock	400	$0	0	D
Option To Buy	$16.8125	08/30/2004		M			386	01/02/2001	01/01/2011	Common Stock	386	$0	0	D
Option To Buy	$12.4	08/30/2004		M			514	04/02/2001	04/01/2011	Common Stock	514	$0	0	D
Option To Buy	$12.58	08/30/2004		M			3,000	04/26/2001	04/25/2011	Common Stock	3,000	$0	0	D
Option To Buy	$12.91	08/30/2004		M			563	07/02/2001	07/01/2011	Common Stock	563	$0	0	D
Option To Buy	$13.15	08/30/2004		M			566	10/01/2001	09/30/2011	Common Stock	566	$0	0	D
Option To Buy	$14.25	08/30/2004		M			482	01/02/2002	01/01/2012	Common Stock	482	$0	0	D
Option To Buy	$14.66	08/30/2004		M			449	04/01/2002	03/31/2012	Common Stock	449	$0	0	D
Option To Buy	$14	08/30/2004		M			3,000	05/02/2002	05/01/2012	Common Stock	3,000	$0	0	D
Option To Buy	$12.85	08/30/2004		M			501	10/01/2002	09/30/2012	Common Stock	501	$0	0	D
Option To Buy	$14.26	08/30/2004		M			506	01/02/2003	01/01/2013	Common Stock	506	$0	0	D
Option To Buy	$12.55	08/30/2004		M			542	04/01/2003	03/31/2013	Common Stock	542	$0	0	D
Option To Buy	$13.11	08/30/2004		M			3,000	05/02/2003	05/01/2013	Common Stock	3,000	$0	0	D
Option To Buy	$11.05	08/30/2004		M			542	07/01/2003	06/30/2013	Common Stock	542	$0	0	D
Option To Buy	$11.05	08/30/2004		M			74	10/01/2003	06/30/2013	Common Stock	74	$0	0	D
Option To Buy	$15.12	08/30/2004		M			450	10/01/2003	09/30/2013	Common Stock	450	$0	0	D

Explanation of Responses:

Remarks:

	Beth Hardman	09/01/2004
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.