NWPX Infrastructure, Inc. — Director's Dealing 2008

Dec 11, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NORTHWEST PIPE CO (NWPX)
CIK: 0001001385
Period of Report: 2008-12-10

Reporting Person: STOKES GARY A (President, Water Transmission)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-12-10	Common Stock	M	8300	$14.75	Acquired	16948	Direct
2008-12-10	Common Stock	S	8300	$34.6887	Disposed	8648	Direct
2008-12-10	Common Stock	M	3402	$14.75	Acquired	12050	Direct
2008-12-10	Common Stock	S	3402	$34.2098	Disposed	8648	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-12-10	Incentive Stock Option (right to buy)	$14.75	M	8300	Disposed	2009-02-25	Common Stock (8300)	Direct
2008-12-10	Incentive Stock Option (right to buy)	$14.75	M	3402	Disposed	2009-02-25	Common Stock (3402)	Direct