NWPX Infrastructure, Inc. — Director's Dealing 2020

Apr 2, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NORTHWEST PIPE CO (NWPX)
CIK: 0001001385
Period of Report: 2020-03-31

Reporting Person: Stokes Eric (Sr. VP of Sales & Marketing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-31	Common Stock	M	2713	—	Acquired	4521	Direct
2020-03-31	Common Stock	F	1013	$22.25	Disposed	3508	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-31	Performance Shares	$	M	1995	Disposed		Common Stock (2713)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock	$		Common Stock (2839)	2839	Direct

Footnotes

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

F2: Represents shares withheld by the issuer for payment of taxes incurred upon vesting event consistent with company policy.

F3: The Restricted Stock Units vest in installments in January of 2021, 2022 and 2023.

F4: 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.

F5: Performance Shares vest in installments as follows: 2/3 on March 31, 2020 and 1/3 on March 31, 2021.