NWPX Infrastructure, Inc. — Director's Dealing 2009

Mar 4, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NORTHWEST PIPE CO (NWPX)
CIK: 0001001385
Period of Report: 2009-02-27

Reporting Person: DUNHAM BRIAN W (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-02-27	Common Stock	M	422	—	Acquired	126992	Direct
2009-02-27	Common Stock	F	148	$30.24	Disposed	126844	Direct
2009-02-27	Common Stock	A	2549	—	Acquired	129393	Direct
2009-02-27	Common Stock	F	896	$27.39	Disposed	128497	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-02-27	Restricted Stock Units	$	M	422	Disposed		Common Stock (422)	Direct

Footnotes

F1: Represents shares acquired pursuant to vesting of restriced stock units.

F2: Represents shares acquired upon release of performance share units.

F3: Each restricted stock unit represents a contingent right to receive one share of Northwest Pipe Company common stock.

F4: The restricted stock units vest in 3 equal installments on February 18, 2009, August 18, 2009 and February 18, 2010.