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 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 * TIMKEN WILLIAM ROBERT JR   2. Issuer Name and Ticker or Trading Symbol DIEBOLD INC [DBD] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) THE TIMKEN COMPANY, 1835 DUEBER AVENUE, S.W. 3. Date of Earliest Transaction (Month/Day/Year) 04/28/2005 (Street) CANTON, OH 44706 4. If Amendment, Date 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 (City) (State) (Zip) 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               8,205 D   Common Stock               2,000 I By Spouse (1) Common Stock               1,000 I By Spouse's IRA (1) Common Stock               33,097 I By self as Advisor to Trustee (2) Common Stock               80,000 I By self as Co-Trustee (3) Common Stock               1,000 I By self as Co-Trustee (1) (4) Common Stock               1,000 I By self as Co-Trustee (1) (5)

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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 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

Options to buy (6)

$ 48.47

04/28/2005

A

4,500

(6)

04/28/2015

Common Stock

4,500

$ 0

4,500

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
TIMKEN WILLIAM ROBERT JR THE TIMKEN COMPANY 1835 DUEBER AVENUE, S.W. CANTON, OH 44706	X

Signatures

W.R. Timken, Jr.		04/29/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	The undersigned disclaims any beneficial ownership.
(2)	By self as Advisor to Trustee for W.R. Timken, Jr. Revocable Trust
(3)	By self as Co-Trustee for Trust Under Will of H.H. Timken, Jr.
(4)	By self as Co-Trustee for W.R. Timken Trust FBO Kristin T. Kingery's Children
(5)	By self as Co-Trustee of W.R. Timken Trust FBO Great-Grandchildren
(6)	Non-qualified Stock Options granted under Diebold, Inc. 1991 Equity and Performance Incentive Plan, as amended and restated. The options will become exercisable in annual 25% increments beginning on April 28, 2006, the first anniversary of the date of the grant.

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