NWPX Infrastructure, Inc. — Director's Dealing 2009

Feb 24, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NORTHWEST PIPE CO (NWPX)
CIK: 0001001385
Period of Report: 2009-02-19

Reporting Person: STONE GARY (VP, Quality Assurance)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-02-19	Common Stock	M	49	—	Acquired	49	Direct
2009-02-19	Common Stock	F	12	$30.24	Disposed	37	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-02-19	Restricted Stock Units	$	M	49	Disposed		Common Stock (49)	Direct

Footnotes

F1: Represents shares acquired pursuant to vesting of Restricted Stock Units.

F2: Each Restricted Stock Unit represents a contingent right to receive one share of Northwest Pipe Company common stock.

F3: The Restricted Stock Units vest in 3 equal installments on February 18, 2009, August 18, 2009 and February 18, 2010.