Sec Form 4 Filing - DEFEBAUGH JAMES E @ TrueBlue, Inc. - 2020-02-07

Insider filing report for Changes in Beneficial Ownership
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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
DEFEBAUGH JAMES E
2. Issuer Name and Ticker or Trading Symbol
TrueBlue, Inc. [ TBI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP, CLO & Sec.
(Last) (First) (Middle)
1015 A STREET
3. Date of Earliest Transaction (MM/DD/YY)
02/07/2020
(Street)
TACOMA, WA98402
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 02/07/2020 A 9,214 ( 1 ) A $ 0 36,990 ( 2 ) D
Common Stock 02/07/2020 A 6,911 ( 3 ) A $ 0 43,901 ( 2 ) D
Common Stock 02/07/2020 F 2,720 D $ 16.83 41,181 ( 2 ) D
Common Stock 02/09/2020 F 1,074 D $ 16.83 40,107 ( 2 ) D
Common Stock 02/10/2020 F 207 D $ 16.31 39,900 ( 2 ) 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 Exercis able 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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
DEFEBAUGH JAMES E
1015 A STREET
TACOMA, WA98402
EVP, CLO & Sec.
Signatures
/s/ Todd N. Gilman, Attorney-in-fact 02/11/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The shares acquired represent a grant of restricted stock that will vest over a 3-year period in equal annual installments.
( 2 )This total includes approximately 11,574 shares purchased pursuant to the TrueBlue, Inc. Employee Stock Purchase Plan.
( 3 )On February 10, 2017, 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 29, 2019, resulting in the vesting of the Performance Share Units into shares of the Issuer's common stock on February 7, 2020.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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