NWPX Infrastructure, Inc. — Director's Dealing 2014

Jun 2, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NORTHWEST PIPE CO (NWPX)
CIK: 0001001385
Period of Report: 2014-05-29

Reporting Person: Baum Richard L. (Director, General Counsel)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-29	Restricted Stock Units	$	M	1520	Acquired		Common Stock (1520)	Direct
2014-05-29	Performance Shares	$	M	4560	Acquired		Common Stock (4560)	Direct

Footnotes

F1: Each Restricted Stock Unit represents a contingent right to receive one share of Northwest Pipe Company common stock.

F2: The Restricted Stock Units vest in installments as follows: 1/3 on January 15, 2015, 1/3 on January 15, 2016 and 1/3 on January 15, 2017.

F3: The Performance Shares vest on January 15, 2017 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 2014-2016 relative to the total shareholder return of a peer group over the same period.