what is the meaning of this proverb' a friend is need is friend indeed

the meaning of this proverb 'a friend in need is a friend indeed' is that when a friend is in need the person who helps that friend is a friend indeed.

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Firstly, is it 'a friend in need is a friend indeed' or 'a friend in need is a friend in deed'? Secondly, is it 'a friend (when you are) in need' or 'a friend (who is) in need'? If the former, then the phrase means: 'someone who helps you when you are in need is a true friend'. If the latter, it is 'someone who needs your help becomes especially friendly in order to obtain it'.