Sec Form 4 Filing - ROWE W BAYLESS @ DELTIC TIMBER CORP - 2007-11-07

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person ROWE W BAYLESS 2. Issuer Name and Ticker or Trading Symbol DELTIC TIMBER CORP [ DEL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) RETIRED (Last) (First) (Middle) 210 E. ELM STREET 3. Date of Earliest Transaction (MM/DD/YY) 11/07/2007 (Street) EL DORADO71730 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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) Code V Amount (A) or (D) Price Common Stock 300 I By Trustee of spouse's self-directed IRA ( 4 ) Common Stock 2,849 I By Trustee of Co. Thrift Plan ( 5 ) Common Stock 18,993 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Stock Option ( 1 ) ( 2 ) $ 28.03 02/18/2001 02/18/2008 Common Stock 3,567 3,567 D Stock Option ( 1 ) ( 2 ) $ 24.97 02/17/2000 02/17/2009 Common Stock 58 58 D Stock Option ( 1 ) ( 2 ) $ 24.97 02/17/2002 02/17/2009 Common Stock 4,004 4,004 D Stock Option ( 2 ) ( 3 ) $ 32.565 02/19/2005 02/19/2014 Common Stock 1,034 1,034 D Stock Option ( 2 ) ( 3 ) $ 32.565 02/19/2006 02/19/2014 Common Stock 1,033 1,033 D Stock Option ( 2 ) ( 3 ) $ 32.565 02/19/2007 02/19/2014 Common Stock 1,033 1,033 D Stock Option ( 2 ) ( 3 ) $ 32.565 02/19/2008 02/19/2014 Common Stock 1,033 1,033 D Stock Option ( 2 ) ( 3 ) $ 44.355 02/16/2006 02/16/2015 Common Stock 1,009 1,009 D Stock Option ( 2 ) ( 3 ) $ 44.355 02/16/2007 02/16/2015 Common Stock 1,009 1,009 D Stock Option ( 2 ) ( 3 ) $ 44.355 02/16/2008 02/16/2015 Common Stock 1,009 1,009 D Stock Option ( 2 ) ( 3 ) $ 44.355 02/16/2009 02/16/2015 Common Stock 1,009 1,009 D Stock Option ( 2 ) ( 3 ) $ 53.75 02/15/2007 02/15/2016 Common Stock 852 852 D Stock Option ( 2 ) ( 3 ) $ 53.75 02/15/2008 02/15/2016 Common Stock 851 851 D Stock Option ( 2 ) ( 3 ) $ 53.75 02/15/2009 02/15/2016 Common Stock 851 851 D Stock Option ( 2 ) ( 3 ) $ 53.75 02/15/2010 02/15/2016 Common Stock 851 851 D Stock Option ( 2 ) ( 3 ) $ 53.01 02/14/2008 02/14/2017 Common Stock 665 665 D Stock Option ( 2 ) ( 3 ) $ 53.01 02/14/2009 02/14/2017 Common Stock 664 664 D Stock Option ( 2 ) ( 3 ) $ 53.01 02/14/2010 02/14/2017 Common Stock 665 665 D Stock Option ( 2 ) ( 3 ) $ 53.01 02/14/2011 02/14/2017 Common Stock 664 664 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other ROWE W BAYLESS 210 E. ELM STREET EL DORADO71730 RETIRED Signatures /s/W. Bayless Rowe 11/07/2007 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Stock Options Under 1996 Stock Incentive Plan. ( 2 )Previously reported. ( 3 )Stock Options under the 2002 SIP. ( 4 )Beneficial ownership is expressly disclaimed. ( 5 )Latest thrift information is as of 12/31/2006.

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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