SEC Form 4 · accession 0001437749-18-000753
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
Jan 15, 2018
Accepted (ET)
Jan 17, 2018 · 7:18 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 16, 2018 | M | 24,627 | — | A | 31,879 | D | |
| Common StockF2 | Jan 16, 2018 | F | 9,508 | $19.87 | D | 22,371 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF3 | — | Jan 15, 2018 | A | 3,085 | A | — | — | Common Stock | 3,085 | 3,085 | D |
| Restricted Stock UnitsF4,F5 | — | Jan 16, 2018 | M | 24,627 | D | — | — | Common Stock | 24,627 | 0 | D |
Explanation of responses
- F1Represents shares acquired pursuant to vesting of Restricted Stock Units granted in 2016.
- F2Represents shares withheld by the issuer for payment of taxes incurred upon vesting event consistent with company policy.
- 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 EBITDA margin over the measurement period.
- F4Each Restricted Stock Unit represents a contingent right to receive one share of Northwest Pipe Company common stock.
- F5The Restricted Stock Units vest on January 16, 2018.