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GRANITE CONSTRUCTION INC Director's Dealing 2010

Sep 3, 2010

31052_dirs_2010-09-03_4b1ad25c-e601-40e8-af70-61a220314bae.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: 2010-09-01

Reporting Person: DOREY WILLIAM GLENWOOD (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-09-01 Common Stock A 2423 $22.70 Acquired 48978 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-01-15 Common Stock $0 A 66.47 Acquired Common Stock (66.47) Direct
2010-04-15 Common Stock $0 A 71.54 Acquired Common Stock (71.54) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 199248 Indirect

Footnotes

F1: Granted pursuant to the Granite Construction Incorporated Amended & Restated 1999 Equity Incentive Plan. Shares vest May 20, 2011.

F2: Includes a distribution of 80 shares from Mr. Dorey's ESOP on August 20, 2010.

F3: Previously reported.

F4: Dividends accrued on performance-based compensation stock.

F5: Performance-based compensation stock and dividends vested upon retirement, August 31, 2010; however, Mr. Dorey chose to defer payment. Beginning April 1, 2011, Mr. Dorey will receive the shares annually in 10 equal installments

F6: No expiration date.