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NWPX Infrastructure, Inc. Director's Dealing 2010

Feb 22, 2010

32818_dirs_2010-02-22_82939add-5fbb-4b8b-b4be-4ea878af4104.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: DUNHAM BRIAN W (Director, President & CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-02-18 Common Stock M 423 Acquired 130934 Direct
2010-02-18 Common Stock F 158 $24.35 Disposed 130776 Direct
2010-02-18 Common Stock A 2549 Acquired 133325 Direct
2010-02-18 Common Stock F 954 $24.35 Disposed 132371 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-02-18 Restricted Stock Units $ M 423 Disposed Common Stock (423) 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.