UFP TECHNOLOGIES INC — Director's Dealing 2011

Feb 24, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UFP TECHNOLOGIES INC (UFPT)
CIK: 0000914156
Period of Report: 2011-02-18

Reporting Person: LESAVOY RICHARD (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-18	Common Stock, $.01 Par Value	A	9741	—	Acquired	132099	Direct
2011-02-18	Common Stock, $.01 Par Value	A	2735	—	Acquired	134834	Direct

Footnotes

F1: Represents restricted stock units granted on February 19, 2010, 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 18, 2012 and with respect to an additional one-third on each of February 18, 2013 and 2014, so long as the recipient is in the continuous employ of the Issuer through each such respective vesting date.

F2: Represents shares issued under the issuer's 2003 Incentive Plan in lieu of 50% of the cash bonus for 2010 otherwise payable to the Reporting Person.