Statement of Changes in Beneficial Ownership (4)

FORM 4

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * Schapper Aaron M	2. Issuer Name and Ticker or Trading Symbol VALMONT INDUSTRIES INC [ VMI ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                    _____ 10% Owner __X__ Officer (give title below)    _____ Other (specify below) EVP Infrastructure
(Last)          (First)          (Middle) VALMONT INDUSTRIES INC, ONE VALMONT PLAZA	3. Date of Earliest Transaction (MM/DD/YYYY) 11/5/2020
(Street) OMAHA, NE 68154 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/5/2020		M		940	A	$145.25	7062	D
Common Stock	11/5/2020		M		1176	A	$132.84	8238	D
Common Stock	11/5/2020		M		2318	A	$104.47	10556	D
Common Stock	11/5/2020		S		4434 (1)	D	$154.24 (2)	6122	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock Option (right to buy)	$145.25	11/5/2020		M			940	12/9/2014	12/9/2020	Common Stock	940	$0	0	D
Non-Qualified Stock Option (right to buy)	$132.84	11/5/2020		M			1176	12/8/2015	12/8/2021	Common Stock	1176	$0	0	D
Non-Qualified Stock Option (right to buy)	$104.47	11/5/2020		M			2318	12/16/2016	12/16/2022	Common Stock	2318	$0	0	D

Explanation of Responses:
(1)	Includes 3,754 shares sold to cover the exercise prices and tax withholding for the option exercises reported on this Form 4.
(2)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $154.1476 to $154.2808, inclusive. The reporting person undertakes to provide to Valmont Industries, Inc., any security holder of Valmont Industries, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Schapper Aaron M VALMONT INDUSTRIES INC ONE VALMONT PLAZA OMAHA, NE 68154			EVP Infrastructure

Signatures
/s/ R. Andrew Massey for Aaron M. Schapper		11/9/2020
**Signature of Reporting Person		Date