<SEC-DOCUMENT>0001181431-13-008800.txt : 20130212
<SEC-HEADER>0001181431-13-008800.hdr.sgml : 20130212
<ACCEPTANCE-DATETIME>20130212184106
ACCESSION NUMBER:		0001181431-13-008800
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20130208
FILED AS OF DATE:		20130212
DATE AS OF CHANGE:		20130212

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			DEFEBAUGH JAMES E
		CENTRAL INDEX KEY:			0001250206

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14543
		FILM NUMBER:		13598894

	MAIL ADDRESS:	
		STREET 1:		PO BOX 2910
		CITY:			TACOMA
		STATE:			WA
		ZIP:			98401-2910

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TrueBlue, Inc.
		CENTRAL INDEX KEY:			0000768899
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-HELP SUPPLY SERVICES [7363]
		IRS NUMBER:				911287341
		STATE OF INCORPORATION:			WA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1015 A STREET
		CITY:			TACOMA
		STATE:			WA
		ZIP:			98402
		BUSINESS PHONE:		253-383-9101

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 2910
		STREET 2:		1015 A. ST.
		CITY:			TACOMA
		STATE:			WA
		ZIP:			98402

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LABOR READY INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DICKS HAMBURGERS INC
		DATE OF NAME CHANGE:	19900329
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd368645.xml
<DESCRIPTION>DEFEBAUGH FORM 4 (2-08-13)
<TEXT>
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        <issuerName>TrueBlue, Inc.</issuerName>
        <issuerTradingSymbol>TBI</issuerTradingSymbol>
    </issuer>

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            <rptOwnerName>DEFEBAUGH JAMES E</rptOwnerName>
        </reportingOwnerId>
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            <rptOwnerStreet1>1015 A STREET</rptOwnerStreet1>
            <rptOwnerStreet2>P.O. BOX 2910</rptOwnerStreet2>
            <rptOwnerCity>TACOMA</rptOwnerCity>
            <rptOwnerState>WA</rptOwnerState>
            <rptOwnerZipCode>98402</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <isTenPercentOwner>0</isTenPercentOwner>
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            <officerTitle>EVP, General Counsel &amp; Sec.</officerTitle>
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            <transactionDate>
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                    <value>1167</value>
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                    <value>18.25</value>
                    <footnoteId id="F5"/>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
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                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>TrueBlue, Inc. 401(k) Plan</value>
                </natureOfOwnership>
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            </securityTitle>
            <conversionOrExercisePrice>
                <value>14.85</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2013-02-08</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>24820</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2008-02-01</value>
                <footnoteId id="F6"/>
            </exerciseDate>
            <expirationDate>
                <value>2015-02-01</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>24820</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
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                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
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                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
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        </derivativeTransaction>
        <derivativeTransaction>
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                <value>Options (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>9.08</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2013-02-11</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>11014</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2009-02-06</value>
                <footnoteId id="F6"/>
            </exerciseDate>
            <expirationDate>
                <value>2016-02-09</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>11014</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
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                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
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                    <value>D</value>
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    </derivativeTable>

    <footnotes>
        <footnote id="F1">This total includes approximately 6,001 shares acquired pursuant to the Employee Stock Purchase Plan.</footnote>
        <footnote id="F2">This transaction was executed in multiple trades at prices ranging from $18.41 to $18.47. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer the detailed information regarding the number of shares sold at each separate price.</footnote>
        <footnote id="F3">The shares acquired represent a grant of restricted stock that will vest over a 3-year period in equal annual installments.</footnote>
        <footnote id="F4">On February 5, 2010, the reporting person was granted Performance Share Units representing an indeterminate number of shares of Issuer's common stock which were contingent upon the meeting of certain company performance criteria.  The performance criteria were met as of December 28, 2012 resulting in the vesting of the Performance Share Units into shares of the Issuer's common stock on February 8, 2013.</footnote>
        <footnote id="F5">This transaction was executed in multiple trades at prices ranging from $18.18 to $18.31. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer the detailed information regarding the number of shares sold at each separate price.</footnote>
        <footnote id="F6">Options subject to this grant fully vested on the third anniversary of the grant date.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Todd N. Gilman, Attorney-in-fact</signatureName>
        <signatureDate>2013-02-12</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
