SEC Form 4 · accession 0001445525-15-000003
NWPX Infrastructure, Inc. · NWPX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin W Dana
Officer — Exec VP, Sales & Marketing
Period of report
Jan 1, 2015
Accepted (ET)
Jan 20, 2015 · 6:37 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 1, 2015 | M | 382 | — | A | 6,942 | D | |
| Common StockF5 | Jan 1, 2015 | F | 159 | $30.12 | D | 6,783 | D | |
| Common StockF4 | Jan 1, 2015 | M | 1,353 | — | A | 8,136 | D | |
| Common StockF5 | Jan 1, 2015 | F | 563 | $30.12 | D | 7,573 | D | |
| Common StockF2 | Jan 15, 2015 | M | 349 | — | A | 7,922 | D | |
| Common StockF5 | Jan 15, 2015 | F | 145 | $22.69 | D | 7,777 | D | |
| Common StockF3 | Jan 15, 2015 | M | 606 | — | A | 8,383 | D | |
| Common StockF5 | Jan 15, 2015 | F | 252 | $22.69 | D | 8,131 | 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 UnitsF6,F7 | — | Jan 1, 2015 | M | 382 | D | — | — | Common Stock | 382 | 2,515 | D |
| Performance SharesF10 | — | Jan 1, 2015 | M | 1,353 | D | — | — | Common Stock | 1,353 | 8,594 | D |
| Restricted Stock UnitsF6,F8 | — | Jan 15, 2015 | M | 349 | D | — | — | Common Stock | 349 | 2,166 | D |
| Restricted Stock UnitsF6,F9 | — | Jan 15, 2015 | M | 606 | D | — | — | Common Stock | 606 | 1,560 | D |
Explanation of responses
- F1Represents shares acquired pursuant to vesting of Restricted Stock Units granted in 2012.
- F10The Performance Shares vest on January 1, 2015 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 2012-2014 relative to the total shareholder return of a peer group over the same period.
- F2Represents shares acquired pursuant to vesting of Restricted Stock Units granted in 2013.
- F3Represents shares acquried pursuant to vesting of Restricted Stock Units granted in 2014.
- F4Represents shares acquired pursuant to vesting of Performance Shares granted in 2012.
- F5Represents shares withheld by the issuer for payment of taxes incurred upon vesting event consistent with company policy.
- F6Each Restricted Stock Unit represents a contingent right to receive one share of Northwest Pipe Company common stock.
- F7The Restricted Stock Units vest in installments as follows: 1/3 on January 1, 2013, 1/3 on January 1, 2014 and 1/3 on January 1, 2015.
- F8The 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.
- F9The 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.