GRANITE CONSTRUCTION INC — Director's Dealing 2011

May 24, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRANITE CONSTRUCTION INC (GVA)
CIK: 0000861459
Period of Report: 2011-05-20

Reporting Person: NIEBLA JESUS FERNANDO (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-20	Common Stock	A	3029	—	Acquired	14759.4755	Direct

Footnotes

F1: Stock units granted pursuant to the Granite Construction Incorporated Amended and Restated 1999 Equity Incentive Plan (the "Plan").

F2: Total adjusted to include dividend equivalents credited to the Reporting Person under the dividend reinvestment feature of the Plan since the Reporting Person's last report.