SEC Form 4 · accession 0001437749-16-023855
NWPX Infrastructure, Inc. · NWPX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William M Smith
Officer — Exec VP, Operations
Period of report
Jan 15, 2016
Accepted (ET)
Jan 20, 2016 · 7:47 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001001385
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 15, 2016 | M | 379 | — | A | 6,557 | D | |
| Common StockF2 | Jan 15, 2016 | F | 123 | $8.73 | D | 6,434 | D | |
| Common StockF3 | Jan 15, 2016 | M | 606 | — | A | 7,040 | D | |
| Common StockF2 | Jan 15, 2016 | F | 197 | $8.73 | D | 6,843 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F5 | — | Jan 15, 2016 | M | 379 | D | — | — | Common Stock | 379 | 1,212 | D |
| Restricted Stock UnitsF4,F6 | — | Jan 15, 2016 | M | 606 | D | — | — | Common Stock | 606 | 606 | D |
| Performance SharesF7 | — | holding | — | — | — | — | — | Common Stock | — | 5,455 | D |
Explanation of responses
- F1Represents shares acquired pursuant to vesting of Restricted Stock Units granted in 2013.
- F2Represents shares withheld by the issuer for payment of taxes incurred upon vesting event consistent with company policy.
- F3Represents shares acquired pursuant to vesting of Restricted Stock Units granted in 2014.
- F4Each Restricted Stock Unit represents a contingent right to receive one share of Northwest Pipe Company common stock.
- F5The Restricted Stock Units vest in installments as follows: 1/3 on January 15, 2014, 1/3 on January 15, 2015 and 1/3 on January 15, 2016.
- F6The Restricted Stock Units vest in installments as follows: 1/3 on January 15, 2015, 1/3 on January 15, 2016 and 1/3 on January 15, 2017.
- F7Performance 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 shareholder return for a specific time period relative to the total shareholder return of a peer group over the same period.