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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001181431-08-037163.txt : 20080605
<SEC-HEADER>0001181431-08-037163.hdr.sgml : 20080605
<ACCEPTANCE-DATETIME>20080605173630
ACCESSION NUMBER:		0001181431-08-037163
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080603
FILED AS OF DATE:		20080605
DATE AS OF CHANGE:		20080605

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COINSTAR INC
		CENTRAL INDEX KEY:			0000941604
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PERSONAL SERVICES [7200]
		IRS NUMBER:				913156448
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1800 114TH AVENUE S E
		CITY:			BELLEVUE
		STATE:			WA
		ZIP:			98004
		BUSINESS PHONE:		4259438000

	MAIL ADDRESS:	
		STREET 1:		1800 114TH AVENUE S E
		CITY:			BELLEVUE
		STATE:			WA
		ZIP:			98004

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			AHITOV ARIK
		CENTRAL INDEX KEY:			0001436404

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22555
		FILM NUMBER:		08883927

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		(818) 845-4444

	MAIL ADDRESS:	
		STREET 1:		4444 W. LAKESIDE DRIVE
		CITY:			BURBANK
		STATE:			CA
		ZIP:			91505
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd209877.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-06-03</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000941604</issuerCik>
        <issuerName>COINSTAR INC</issuerName>
        <issuerTradingSymbol>CSTR</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001436404</rptOwnerCik>
            <rptOwnerName>AHITOV ARIK</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>4444 W. LAKESIDE DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BURBANK</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>91505</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Restricted Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-06-03</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>2033</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F3"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2033</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Stock Option</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>36.89</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2008-06-03</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>3128</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <value>2013-06-03</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>3128</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3128</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">These stock options and shares of restricted stock were granted to Arik Ahitov  (&quot;Mr. Ahitov&quot;), a non-employee director of the Issuer, pursuant to the 1997 Amended and Restated Equity Incentive Plan upon his appointment to the board of directors of the Issuer.  Mr. Ahitov disclaims beneficial ownership over any shares of Common Stock of the Issuer owned by the Shamrock Activist Value Fund (as such term is defined herein) even though Mr. Ahitov is the Vice President of Shamrock Capital Advisors, Inc. (an affiliate of the Shamrock Activist Value Fund) and also a senior portfolio manager for Shamrock Activist Value Fund, L.P. (&quot;SAVF&quot;), Shamrock Activist Value Fund II, L.P. (&quot;SAVF II&quot;) and Shamrock Activist Value Fund III, L.P. (&quot;SAVF III&quot; and, together with SAVF and SAVF II, the &quot;Shamrock Activist Value Fund&quot;).</footnote>
        <footnote id="F2">100% of the stock options vest in 12 equal monthly installments from the date of the grant.</footnote>
        <footnote id="F3">100% of the shares of restricted stock vest on June 3, 2009.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Arik Ahitov</signatureName>
        <signatureDate>2008-06-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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