X0202 4 2006-05-02 0000852426 PW EAGLE INC PWEI 0000923091 SPELL WILLIAM H 4706 WHITE OAKS ROAD EDINA MN 55424 1 0 0 0 Common Stock 9510 I By Trusts for Minor Children Common Stock 21429 I By Spouse Common Stock 379557 D Common Stock 2006-04-28 4 M 0 120000 1.50 A 499557 D Common Stock 2006-04-28 4 M 0 10000 3.50 A 509557 D Common Stock 2006-04-28 4 M 0 11250 3.089 A 520807 D Common Stock 2006-04-28 4 M 0 22688 5.82 A 543495 D Common Stock 2006-04-28 4 M 0 2000 8.15 A 545495 D Stock Option (Right to Buy) 1.50 2006-04-28 4 M 0 120000 0 D 2008-08-31 Common Stock 120000 0 D Stock Option (Right to Buy) 3.50 2006-04-28 4 M 0 10000 0 D 2009-09-16 Common Stock 10000 0 D Stock Option (Right to Buy) 3.089 2006-04-28 4 M 0 11250 0 D 2011-10-17 Common Stock 11250 0 D Stock Option (Right to Buy) 5.82 2006-04-28 4 M 0 22688 0 D 2014-12-21 Common Stock 22688 0 D Stock Option (Right to Buy) 8.15 2006-04-28 4 M 0 2000 0 D 2015-10-18 Common Stock 14000 12000 D 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. 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 /s/ Ryan Brauer as attorney-in-fact for William Spell pursuant to the Power of Attorney previously filed 2006-05-02