GRANITE CONSTRUCTION INC — Director's Dealing 2011

May 16, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRANITE CONSTRUCTION INC (GVA)
CIK: 0000861459
Period of Report: 2011-05-13

Reporting Person: Roberts James Hildebrand (President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-13	Common Stock	S	2800	$28.274	Disposed	63083	Direct
2011-05-13	Common Stock	S	300	$28.271	Disposed	62783	Direct
2011-05-13	Common Stock	S	100	$28.261	Disposed	62683	Direct
2011-05-13	Common Stock	S	100	$28.286	Disposed	62583	Direct
2011-05-13	Common Stock	S	100	$28.296	Disposed	62483	Direct
2011-05-13	Common Stock	S	100	$28.306	Disposed	62383	Direct
2011-05-13	Common Stock	S	100	$28.316	Disposed	62283	Direct
2011-05-13	Common Stock	S	1400	$28.311	Disposed	60965.1128	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock	127585	Indirect

Footnotes

F1: Adjusted to include 82.1128 shares received 4/15/11 in dividends on stock units granted pursuant to the Granite Construction Incorporated Amended and Restated 1999 Equity Incentive Plan.

F2: Previously reported