Ownership Submission
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)
06/30/2005
(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 (1)               8,205 D  
Common Stock (1)               2,000 I By Spouse (2)
Common Stock (1)               1,000 I By Spouse's IRA (2)
Common Stock (1)               33,097 I By self as Advisor to Trustee (3)
Common Stock (1)               80,000 I By self as Co-Trustee (4)
Common Stock (1)               1,000 I By self as Co-Trustee (2) (5)
Common Stock (1)               1,000 I By self as Co-Trustee (2) (6)

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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
Option to Buy (1) $ 29.91             04/26/2004 04/25/2006 Common Stock 1,000   1,000 D  
Option to Buy (1) $ 29.91             04/26/2005 04/25/2006 Common Stock 1,000   1,000 D  
Option to Buy (1) $ 38.64             04/25/2003 04/24/2012 Common Stock 1,000   1,000 D  
Option to Buy (1) $ 38.64             04/25/2004 04/24/2012 Common Stock 1,000   1,000 D  
Option to Buy (1) $ 38.64             04/25/2005 04/24/2012 Common Stock 1,000   1,000 D  
Option to Buy (1) $ 38.64             07/01/2005(7) 04/24/2012 Common Stock 1,000   1,000 D  
Option to Buy (1) $ 39.26             04/24/2004 04/24/2013 Common Stock 1,000   1,000 D  
Option to Buy (1) $ 39.26             04/24/2005 04/24/2013 Common Stock 1,000   1,000 D  
Option to Buy (1) $ 39.26             07/01/2005(7) 04/24/2013 Common Stock 1,000   1,000 D  
Option to Buy (1) $ 39.26             07/01/2005(7) 04/24/2013 Common Stock 1,000   1,000 D  
Option to Buy (1) $ 49.24             04/22/2005 04/22/2014 Common Stock 1,125   1,125 D  
Option to Buy (1) $ 49.24             07/01/2005(7) 04/22/2014 Common Stock 3,375   3,375 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.   07/05/2005
**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) This form is being filed for the sole purpose of informing the market that the reporting person has terminated his insider status due to retirement from the Board of Directors, effective June 30, 2005. The reported holdings reflect the reporting person's beneficial ownership as of the date of termination of service.
(2) The undersigned disclaims any beneficial ownership.
(3) By self as Advisor to Trustee for W.R. Timken, Jr. Revocable Trust
(4) By self as Co-Trustee for Trust Under Will of H.H. Timken, Jr.
(5) By self as Co-Trustee for W.R. Timken Trust FBO Kristin T. Kingery's Children
(6) By self as Co-Trustee of W.R. Timken Trust FBO Great-Grandchildren
(7) All options that were previously unvested, vested upon retirement from the Board of Directors on June 30, 2005. Options that were granted on April 28, 2005 were forfeited due to retirement less than six months after the date of the grant.

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