X0202 4 2005-10-18 0000852426 PW EAGLE INC PWEI 0000923091 SPELL WILLIAM H 4706 WHITE OAKS ROAD EDINA MN 55424 1 0 0 0 Common Stock 2005-10-18 4 A 0 14160 A 689027 D Common Stock 2005-10-18 4 A 0 1510 A 9510 I By Trusts for Minor Children Common Stock 21429 I By Spouse Stock Option (Right to Buy) 1.50 2008-08-31 Common Stock 120000 120000 D Stock Option (Right to Buy) 3.50 2009-09-16 Common Stock 10000 10000 D Stock Option (Right to Buy) 3.089 2011-10-17 Common Stock 11250 11250 D Stock Option (Right to Buy) 5.82 2005-10-18 4 A 0 22688 A 2014-12-21 Common Stock 22688 22688 D Stock Option (Right to Buy) 8.15 2005-10-18 4 A 0 14000 0 A 2015-10-18 Common Stock 14000 14000 D Received shares and cash in the aggregate amount of $141,100 in exchange for an aggregate of 158,000 shares of USPoly Company common stock in connection with merger of USPoly Company into PW Eagle, Inc. (the "Merger"). On the effective date of the Merger, the fair market value of USPoly's common stock was $1.70 per share, and the closing price of PW Eagle's common stock was $8.15 per share. Includes shares held in a Trust in which the reporting person is the beneficiary. Exercisable as to 40,800 shares on 3/2/99, 39,600 shares on 9/1/00 and 39,600 shares on 9/1/01. Exercisable in annual increments of 2,000 shares each, commencing 9/16/00. Exercisable in annual increments of 2,250 shares each, commencing 10/17/01. Immediately exercisable. Received in the Merger in exchange for a stock option to acquire 120,250 shares of USPoly Company common stock for $1.10 per share. Original option (14,000 shares) exercisable: 2,000 shares on 10/18/05, and 4,000 shares on each of 10/18/06, 10/18/07 and 10/18/08 William H. Spell 2005-10-21