AI assistant
NWPX Infrastructure, Inc. — Director's Dealing 2015
Jan 21, 2015
32818_dirs_2015-01-20_cc50e96f-d4f0-48f4-901c-3de148fb94e9.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NORTHWEST PIPE CO (NWPX)
CIK: 0001001385
Period of Report: 2015-01-01
Reporting Person: MONTROSS SCOTT J (President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-01-01 | Common Stock | M | 1495 | — | Acquired | 18905 | Direct |
| 2015-01-01 | Common Stock | F | 637 | $30.12 | Disposed | 18268 | Direct |
| 2015-01-01 | Common Stock | M | 5295 | — | Acquired | 23563 | Direct |
| 2015-01-01 | Common Stock | F | 1958 | $30.12 | Disposed | 21605 | Direct |
| 2015-01-15 | Common Stock | M | 2274 | — | Acquired | 23879 | Direct |
| 2015-01-15 | Common Stock | F | 969 | $22.69 | Disposed | 22910 | Direct |
| 2015-01-15 | Common Stock | M | 1736 | — | Acquired | 24646 | Direct |
| 2015-01-15 | Common Stock | F | 692 | $22.69 | Disposed | 23954 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-01-01 | Restricted Stock Units | $ | M | 1495 | Disposed | Common Stock (1495) | Direct | |
| 2015-01-01 | Performance Shares | $ | M | 5295 | Disposed | Common Stock (5295) | Direct | |
| 2015-01-15 | Restricted Stock Units | $ | M | 2274 | Disposed | Common Stock (2274) | Direct | |
| 2015-01-15 | Restricted Stock Units | $ | M | 1736 | Disposed | Common Stock (1736) | Direct |
Footnotes
F1: Represents shares acquired pursuant to vesting of Restricted Stock Units granted in 2012.
F2: Represents shares acquired pursuant to vesting of Restricted Stock Units granted in 2013.
F3: Represents shares acquried pursuant to vesting of Restricted Stock Units granted in 2014.
F4: Represents shares acquired pursuant to vesting of Performance Shares granted in 2012.
F5: Represents shares withheld by the issuer for payment of taxes incurred upon vesting event consistent with company policy.
F6: Each Restricted Stock Unit represents a contingent right to receive one share of Northwest Pipe Company common stock.
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 Restricted Stock Units vest in installments as follows: 1/3 on January 15, 2014, 1/3 on January 15, 2015 and 1/3 on January 15, 2016.
F9: 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.
F10: The Performance Shares vest on January 1, 2015 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 2012-2014 relative to the total shareholder return of a peer group over the same period.