NWPX Infrastructure, Inc. - Director's Dealing 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NORTHWEST PIPE CO (NWPX)
CIK: 0001001385
Period of Report: 2008-08-18

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

Date	Security	Exercise Price	Code	Shares	A/D	Underlying	Ownership
2008-08-18	Restricted Stock Units	$	A	800	Acquired	Common Stock (800)	Direct
2008-08-18	Restricted Stock Units	$	A	533	Acquired	Common Stock (533)	Direct
2008-08-18	Restricted Stock Units	$	A	480	Acquired	Common Stock (480)	Direct

F1: Each restricted stock unit represents a contingent right to receive one share of Northwest Pipe Company common stock.

F2: The restricted stock units are fully vested one year from the grant date.

F3: The restricted stock units vest in three equal installments on February 18, 2009, August 18, 2009 and February 18, 2010.

F4: The restricted stock units vest 40% one year from the grant date, 40% two years from the grant date and 20% three years from the grant date.