SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
SAMBATARO JOSEPH P JR

(Last) (First) (Middle)
1015 A STREET
P.O. BOX 2910

(Street)
TACOMA WA 98401

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LABOR READY INC [ LRW ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/19/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 07/19/2007 M 40,000 A $12 133,192 D
Common stock 07/19/2007 S 400(1) D $27.89 132,792 D
Common stock 07/19/2007 S 4,600(1) D $27.98 128,192 D
Common stock 07/19/2007 S 400(1) D $27.6 127,792 D
Common stock 07/19/2007 S 100(1) D $27.05 127,692 D
Common stock 07/19/2007 S 400(1) D $27.9 127,292 D
Common stock 07/19/2007 S 200(1) D $27.47 127,092 D
Common stock 07/19/2007 S 100(1) D $27.84 126,992 D
Common stock 07/19/2007 S 100(1) D $27.57 126,892 D
Common stock 07/19/2007 S 100(1) D $28.05 126,792 D
Common stock 07/19/2007 S 100(1) D $27.37 126,692 D
Common stock 07/19/2007 S 100(1) D $27.17 126,592 D
Common stock 07/19/2007 S 1,400(1) D $27.96 125,192 D
Common stock 07/19/2007 S 200(1) D $27.86 124,992 D
Common stock 07/19/2007 S 200(1) D $27.44 124,792 D
Common stock 07/19/2007 S 700(1) D $27.95 124,092 D
Common stock 07/19/2007 S 100(1) D $28.06 123,992 D
Common stock 07/19/2007 S 200(1) D $27.45 123,792 D
Common stock 07/19/2007 S 100(1) D $28.14 123,692 D
Common stock 07/19/2007 S 200(1) D $27.87 123,492 D
Common stock 07/19/2007 S 700(1) D $27.94 122,792 D
Common stock 07/19/2007 S 100(1) D $27.42 122,692 D
Common stock 07/19/2007 S 100(1) D $27.92 122,592 D
Common stock 07/19/2007 S 200(1) D $27.72 122,392 D
Common stock 07/19/2007 S 300(1) D $27.91 122,092 D
Common stock 07/19/2007 S 300(1) D $27.64 121,792 D
Common stock 07/19/2007 S 100(1) D $28.13 121,692(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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Options (Right to buy) $12 07/19/2007 M 40,000 12/15/2005(3) 03/17/2009 Common stock 40,000 $0 6,895 D
Explanation of Responses:
1. Sales effected pursuant to preplanned trading program designed to meet the requirements of Rule 10b5-1.
2. As of June 30, 2007, Mr. Sambataro also indirectly owned approximately 11,279 Labor Ready shares in the Labor Ready 401(k) plan. These shares are not included in the 93,192 shares shown as owned directly in Table 1.
3. This stock option was granted on March 17, 2004. The stock option agreement originally provided that the option would vest on March 17, 2007. However, on December 15, 2005, the Board of Directors of Labor Ready, Inc. approved that all stock options owned by Mr. Sambataro be fully vested as of that date.
Remarks:
Form 1 of 2
Matthew S. Topham, Attorney-in-Fact 07/23/2007
** Signature of Reporting Person Date
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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