NWPX Infrastructure, Inc. — Director's Dealing 2008

Sep 26, 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: CARRIER GREG (Vice President, Purchasing)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-18	Restricted Stock Units	$	A	229	Acquired		Common Stock (229)	Direct
2008-08-18	Restricted Stock Units	$	A	153	Acquired		Common Stock (153)	Direct
2008-08-18	Restricted Stock Units	$	A	138	Acquired		Common Stock (138)	Direct

Footnotes

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.