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NWPX Infrastructure, Inc. Director's Dealing 2010

Feb 23, 2010

32818_dirs_2010-02-22_e7a4f56f-3cef-46a1-9bdc-9262559fa804.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NORTHWEST PIPE CO (NWPX)
CIK: 0001001385
Period of Report: 2010-02-18

Reporting Person: STONE GARY (VP, Quality Assurance)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-02-18 Common Stock M 49 Acquired 579 Direct
2010-02-18 Common Stock F 12 $24.35 Disposed 567 Direct
2010-02-18 Common Stock A 297 Acquired 864 Direct
2010-02-18 Common Stock F 74 $24.35 Disposed 790 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-02-18 Restricted Stock Units $ M 49 Disposed Common Stock (49) Direct

Footnotes

F1: Represents shares acquired pursuant to vesting of Restricted Stock Units granted in 2008.

F2: Represents shares acquired pursuant to vesting of Performance Share Units granted in 2008.

F3: Represents shares withheld by the issuer for payment of taxes incurred upon vesting event consistent with company policy.

F4: Each Restricted Stock Unit represents a contingent right to receive one share of Northwest Pipe Company common stock.

F5: The Restricted Stock Units vested in 3 equal installments on February 18, 2009, August 18, 2009 and February 18, 2010.