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NWPX Infrastructure, Inc. — Director's Dealing 2013
Jan 11, 2013
32818_dirs_2013-01-11_26862e2c-c703-4a33-89fc-377614c1ad3f.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: 2013-01-01
Reporting Person: MAHONEY ROBERT L (Sr VP, Business Development)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-01-01 | Common Stock | M | 2258 | — | Acquired | 19336 | Direct |
| 2013-01-01 | Common Stock | F | 858 | $23.86 | Disposed | 18478 | Direct |
| 2013-01-01 | Common Stock | M | 902 | — | Acquired | 19380 | Direct |
| 2013-01-01 | Common Stock | F | 342 | $23.86 | Disposed | 19038 | Direct |
| 2013-01-01 | Common Stock | M | 3973 | — | Acquired | 23011 | Direct |
| 2013-01-01 | Common Stock | F | 1509 | $23.86 | Disposed | 21502 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-01-01 | Restricted Stock Units | $ | M | 2258 | Disposed | Common Stock (2258) | Direct | |
| 2013-01-01 | Restricted Stock Units | $ | M | 902 | Disposed | Common Stock (902) | Direct | |
| 2013-01-01 | Performance Shares | $ | M | 3973 | Disposed | Common Stock (3973) | Direct |
Footnotes
F1: Represents shares acquired pursuant to vesting of Restricted Stock Units granted in 2011.
F2: Represents shares acquired pursuant to vesting of Restricted Stock Units granted in 2012
F3: Represents shares acquired pursuant to vesting of Performance Shares granted in 2011
F4: Represents shares withheld by the issuer for payment of taxes incurred upon vesting event consistent with company policy.
F5: Each Restricted Stock Unit represents a contingent right to receive one share of Northwest Pipe Company common stock.
F6: The Restricted Stock Units vest in installments as follows: 2/3 on January 1, 2013 and 1/3 on January 1, 2014.
F7: The Restricted Stock Units vest in installments as follows: 1/3 on January 1, 2013, 1/3 on January 1, 2014 and 1/3 on January 1, 2015.
F8: The Performance Shares vest on January 1, 2013 in an amount ranging from 0-200% to the extent such Performance Shares are earned. Performance Shares are earned based on Northwest Pipe Company's total shareholder return for 2012-2013 relative to the total shareholder return of a peer group over the same period.
F9: Represents remaining Performance Shares after deducting those that were forfeited because the total shareholder return criteria for the January 1, 2013 vest resulted in a payout of less than 100%.