NWPX Infrastructure, Inc. — Director's Dealing 2020

Mar 30, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NORTHWEST PIPE CO (NWPX)
CIK: 0001001385
Period of Report: 2020-03-26

Reporting Person: MONTROSS SCOTT J (President & CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-26	Restricted Stock	$	A	8222	Acquired		Common Stock (8222)	Direct
2020-03-26	Performance Shares	$	A	24667	Acquired		Common Stock (24667)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	60799	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, 2021, 1/3 on January 17, 2022 and 1/3 on January 16, 2023.

F3: Performance Shares vest 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 EBITDA margin over the measurement period.

F4: Performance shares vest in installments as follows: 1/3 March 31, 2021, 1/3 on March 31, 2022 and 1/3 on March 31, 2023.