Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Spurling David A
2. Date of Event Requiring Statement (Month/Day/Year)
05/25/2010
3. Issuer Name and Ticker or Trading Symbol
HERITAGE FINANCIAL CORP /WA/ [HFWA]
(Last)
(First)
(Middle)
201 5TH AVE SW
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Credit Officer
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

OLYMPIA, WA 98501
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, no par value per share 11,263 (8)
D
 
Common Stock, no par value per share 4,076
I
By KSOP
Common Stock, no par value per share 1,177 (1)
D
 
Common Stock, no par value per share 1,000 (2)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option 03/20/2006(3) 03/20/2011 Common Stock 1,575 $ 20.36 D  
Stock Option 03/18/2006(4) 03/18/2012 Common Stock 2,520 $ 20.1 D  
Stock Option 02/17/2006(5) 02/17/2013 Common Stock 3,780 $ 20.49 D  
Stock Option 04/28/2007(6) 04/28/2014 Common Stock 2,400 $ 25.94 D  
Stock Option 05/25/2011(7) 05/25/2020 Common Stock 4,587 $ 14.77 D  
Stock Option 02/26/2010(9) 02/26/2017 Common Stock 2,400 $ 11.35 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Spurling David A
201 5TH AVE SW
OLYMPIA, WA 98501
      Chief Credit Officer  

Signatures

David A. Spurling 05/28/2010
**Signature of Reporting Person Date

Kaylene Lahn for David A. Spurling 05/28/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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).
(1) Represents award of restricted stock under the 2010 Omnibus Equity Plan. Vests in equal installments of 25% per year beginning on May 25, 2011.
(2) Represents award of restricted stock under the 2010 Omnibus Equity Plan. Vests 100% beginning 05/25/2013.
(3) Represents award of stock options under the 2002 Plan which represents the last one-third installment vesting annually on 03/20/2006.
(4) Represents award of stock options under the 2002 Plan which represents the last two, one-third installments vesting annually beginning on 03/18/2005.
(5) Represents award of stock options under the 2002 Plan that vest in equal installments of one-third per year beginning 02/17/2006.
(6) Represents award of stock options under the 2002 Plan that vest in equal installments of one-third per year beginning 04/28/2007.
(7) Represent award of stock option under the 2010 Omnibus Equity Plan. Vests in equal installments of 25% per year beginning on May 25, 2011.
(8) Includes direct ownership of 2,600 shares of restricted stock awarded under the 2002 Plan.
(9) Represents award of stock options under the 2006 Plan that vest in equal installments of one-third per year beginning 02/26/2010.

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