SEC Form 4 · accession 0001437749-16-029858
NWPX Infrastructure, Inc. · NWPX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William M Smith
Officer — Exec VP, Water Transmission
Period of report
Apr 19, 2016
Accepted (ET)
Apr 22, 2016 · 2:35 pm EDT
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 Stock | holding | — | — | — | 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 UnitsF1,F2 | — | Apr 19, 2016 | M | 24,627 | A | — | — | Common Stock | 24,627 | 25,233 | D |
| Performance SharesF3 | — | holding | — | — | — | — | — | Common Stock | 5,455 | 5,455 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents a contingent right to receive one share of Northwest Pipe Company common stock.
- F2The Restricted Stock Units vest on January 16, 2018.
- F3Performance 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.