NWPX Infrastructure, Inc. — Director's Dealing 2019

Mar 28, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NORTHWEST PIPE CO (NWPX)
CIK: 0001001385
Period of Report: 2019-03-26

Reporting Person: Wilkins Aaron (VP of Finance &Corp Controller)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-26	Restricted Stock	$	A	849	Acquired		Common Stock (849)	Direct
2019-03-26	Performance Shares	$	A	2547	Acquired		Common Stock (2547)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4381	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, 2020, 1/3 on January 15, 2021 and 1/3 on January 17, 2022.

F3: Performance Shares vest in an amount ranging from 0-150% to the extent such Performance Shares are earned. Performance Shares are earned based on Northwest Pipe Company's total EBITDA margin over the measurement period.

F4: Performance shares vest in installments as follows: 2/3 January 15, 2020 and 1/3 January 15, 2021.

F5: Ending balance has been adjusted to remove Performance Shares awarded in 2018 that were scheduled to vest on March 29, 2019 but for which required performance metrics were not met.