NWPX Infrastructure, Inc. — Director's Dealing 2009

Feb 19, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NORTHWEST PIPE CO (NWPX)
CIK: 0001001385
Period of Report: 2009-02-17

Reporting Person: MAHONEY ROBERT L (President, Tubular Products)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-02-17	Common Stock	M	3264	$14.75	Acquired	4945	Direct
2009-02-17	Common Stock	F	3264	$32.9	Disposed	1681	Direct
2009-02-17	Common Stock	M	4017	$14.75	Acquired	5698	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-02-17	Incentive Stock Option	$14.75	M	3264	Disposed	2009-02-25	Common Stock (3264)	Direct
2009-02-17	Incentive Stock Option	$14.75	M	4017	Disposed	2009-02-25	Common Stock (4017)	Direct

Footnotes

F1: Represents shares acquired pursuant to Net Settlement Procedure for exercise of employee stock options.

F2: Represents shares forfeited pursuant to Net Settlement Procedure for exercise of employee stock options.