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 *
GESWEIN GREGORY T
   2. Issuer Name and Ticker or Trading Symbol
DIEBOLD INC [DBD] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sr. VP & CFO
(Last)
(First)
(Middle)
5995 MAYFAIR ROAD		 3. Date of Earliest Transaction (Month/Day/Year)
02/11/2005
(Street)

NORTH CANTON, OH 44720		 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               551 I 401(k) (1)
Common Stock - DRP               1,311 D  
Common Stock 02/11/2005   A(2)   16,500 A $ 54.65 45,574 D  

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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
Non-Qualified Stock Option $ 26.41             04/03/2001 04/02/2010 Common Stock 35,000   35,000 D  
Non-Qualified Stock Option $ 28.69             02/07/2002 02/06/2011 Common Stock 30,000   30,000 D  
Non-Qualified Stock Option $ 36.59             02/06/2003 02/05/2012 Common Stock 30,000   30,000 D  
Non-Qualified Stock Option $ 36.31             02/05/2004 02/04/2013 Common Stock 30,000   30,000 D  
Non-Qualified Stock Option $ 53.1             02/11/2005 02/10/2014 Common Stock 30,000   30,000 D  
Restricted Share Units $ 0             06/09/2009 06/09/2009 Common Stock 815   815 D  
Non-qualified Stock Option $ 55.23             02/10/2006 02/09/2015 Common Stock 28,100   28,100 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GESWEIN GREGORY T
5995 MAYFAIR ROAD
NORTH CANTON, OH 44720		       Sr. VP & CFO  

Signatures

 Chad F. Hesse, Att'y.-in-fact for Gregory T. Geswein   02/15/2005
**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) Number of 401(k) shares owned as of most recent statement; fractional shares omitted.
(2) Reflects delivery of performance shares earned for performance period 1/1/2002-12/31/2004 under the 1991 Equity and Performance Incentive Plan, as amended, and withholding of shares pursuant to tax withholding right. The shares have been deferred pursuant to an election under the 1992 Deferred Compensation Plan.

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