UFP TECHNOLOGIES INC — Director's Dealing 2010

Feb 23, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UFP TECHNOLOGIES INC (UFPT)
CIK: 0000914156
Period of Report: 2010-02-19

Reporting Person: BAILLY R JEFFREY (Director, President and CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-19	Common Stock, $.01 Par Value	A	50314	—	Acquired	696078	Direct
2010-02-19	Common Stock, $.01 Par Value	A	25000	—	Acquired	721078	Direct

Footnotes

F1: Represents restricted stock units granted on February 24, 2009, under the issuer's 2003 Incentive Plan subject to satisfaction of performance targets that are to be settled solely in shares of common stock. The transaction date represents the date on which the issuer's Compensation Committee determined the performance targets were achieved. The units vest with respect to one-third of the shares on February 24, 2011 and with respect to an additional one-third on each of February 24, 2012 and 2013, so long as the recipient is in the continuous employ of the Issuer through each such respective vesting date.

F2: Represents shares of common stock to be issued on December 31, 2010 under the issuer's 2003 Incentive Plan, so long as the recipient is in the continuous employ of the issuer through such issue date.