FLUOR CORP — Director's Dealing 2011

Mar 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FLUOR CORP (FLR)
CIK: 0001124198
Period of Report: 2011-03-22

Reporting Person: Dunning David R (Group President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-22	Common Stock	M	1848	$42.105	Acquired	16383.2859	Direct
2011-03-22	Common Stock	M	2506	$30.46	Acquired	18889.2859	Direct
2011-03-22	Common Stock	S	7398	$71.85	Disposed	11491.2859	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-22	Employee stock option (right to buy)	$42.105	M	1848	Disposed	2016-02-05	Common Stock (1848)	Direct
2011-03-22	Employee stock option (right to buy)	$30.46	M	2506	Disposed	2019-03-02	Common Stock (2506)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6061.2549	Indirect

Footnotes

F1: Holdings are based on the most recent statement, which is dated 12/31/10.

F2: The option vests in five equal annual installments beginning on 2/5/07.

F3: The option vests in three equal annual installments beginning on 3/6/10.