X0201 4 2004-02-10 0000079716 POTLATCH CORP PCH 0001180482 KELLY RICHARD K 601 W. RIVERSIDE AVENUE, SUITE 1100 SPOKANE WA 99201 0 1 0 0 Vice President Common Stock 2004-02-10 4 M 0 13000 28.68 A 13000 D Common Stock 2004-02-10 4 S 0 13000 39.2076 D 0 D Common Stock 2004-02-10 4 M 0 6500 24.88 A 6500 D Common Stock 2004-02-10 4 S 0 6500 39.2076 D 0 D Employee Stock Option (right to buy) 28.68 2004-02-10 4 M 0 13000 0 A 2003-12-06 2011-12-06 Common Stock 13000 0 D Employee Stock Option (right to buy) 24.88 2004-02-10 4 M 0 6500 0 A 2003-12-05 2012-12-05 Common Stock 6500 6500 D The reporting person was granted 13,000 employee stock options on December 6, 2001, to vest in two equal annual installments. The grant was made under the stockholder-approved Potlatch Corporation 2000 Stock Incentive Plan. 6,500 of these options vested on December 6, 2002, and the remaining 6,500 vested on December 6, 2003. The employee stock option, after exercise, was sold at $39.2076 per share. The reporting person was granted 13,000 employee stock options on December 5, 2002, to vest in two equal annual installments. The grant was made under the stockholder-approved Potlatch Corporation 1995 Stock Incentive Plan. 6,500 of these options vested on December 5, 2003, and the remaining 6,500 will vest on December 5, 2004. Malcolm A. Ryerse, Attorney-in-fact 2004-02-12