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UFP TECHNOLOGIES INC Director's Dealing 2010

Feb 23, 2010

31860_dirs_2010-02-23_72c20873-4bb0-4a43-a6b9-f4a22a5fdbe9.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: SHAW DANIEL J (Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-02-19 Common Stock, $.01 Par Value A 9434 Acquired 81227 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.