NWPX Infrastructure, Inc. — Director's Dealing 2020

Jan 17, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NORTHWEST PIPE CO (NWPX)
CIK: 0001001385
Period of Report: 2020-01-15

Reporting Person: GANTT ROBIN A (CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-15	Common Stock	M	938	—	Acquired	36453	Direct
2020-01-15	Common Stock	F	503	$33.66	Disposed	35950	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-15	Restricted Stock	$	M	938	Disposed		Common Stock (938)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Performance Shares	$		Common Stock ()	8442	Direct

Footnotes

F1: Represents shares acquired pursuant to vesting of Restricted Stock Units.

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

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 March 31, 2020 and 1/3 March 31, 2021.

F5: Each Restricted Stock Unit represents a contingent right to receive one share of Northwest Pipe Company common stock.

F6: 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.