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GRANITE CONSTRUCTION INC — Director's Dealing 2010
Dec 3, 2010
31052_dirs_2010-12-02_889d12e5-c0ed-4f59-af66-6c470703b5f6.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: GRANITE CONSTRUCTION INC (GVA)
CIK: 0000861459
Period of Report: 2010-11-30
Reporting Person: WATTS DAVID HENDERSON (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-07-15 | Common Stock | A | 23.8478 | $23.58 | Acquired | 11161.0627 | Direct |
| 2010-10-15 | Common Stock | A | 24.865 | $22.74 | Acquired | 11185.9277 | Direct |
| 2010-11-30 | Common Stock | A | 6184 | $25.37 | Acquired | 17369.9277 | Direct |
| 2010-11-30 | Common Stock | F | 1546 | $25.37 | Disposed | 15823.9277 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-07-15 | Performance Units [Right to Receive] | $0 | A | 304.9757 | Acquired | Common Stock (304.9757) | Direct | |
| 2010-10-15 | Performance Units (Right to Receive] | $0 | A | 314.8147 | Acquired | Common Stock (314.8147) | Direct | |
| 2010-11-30 | Performance Units (Right to Receive) | $0 | D | 6184 | Disposed | Common Stock (6184) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 223 | Indirect |
Footnotes
F1: Dividends on stock units granted pursuant to the Granite Construction Incorporated Amended and Restated 1999 Equity Incentive Plan.
F2: Includes 4,349.4727 stock units and dividend shares on stock units.
F3: Includes 4,374.3377 stock units and dividend shares on stock units.
F4: This distribution represents the second of 10 installments of performance-based compensation and accrued dividends. The deferred performance-based compensation is paid in shares of common stock issued under the Granite Construction Incorporated Amended and Restated 1999 Equity Incentive Plan. Shares accrue dividends, payable upon distribution of shares of common stock. Mr. Watts elected to receive the shares annually in 10 equal installments.
F5: Shares surrendered for taxes upon stock distribution.
F6: Previously reported.
F7: Dividends on performance-based compensation.
F8: Each performance right represents a right to receive one share of common stock. The performance rights vested upon acquisition; however, because Mr. Watts chose to defer payment, the stock became payable upon retirement.
F9: No expiration date.