GRANITE CONSTRUCTION INC — Director's Dealing 2011

Mar 19, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRANITE CONSTRUCTION INC (GVA)
CIK: 0000861459
Period of Report: 2011-03-16

Reporting Person: MCDONALD REBECCA ANN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-16	Common Stock	M	274	$10.5633	Acquired	14842.966	Direct
2011-01-14	Common Stock	A	36.3058	$27.43	Acquired	14879.2718	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-16	Option (Right to Buy)	$10.5633	M	274	Disposed	2011-03-30	Common Stock (274)	Direct

Footnotes

F1: Dividends on stock units granted pursuant to the Granite Construction Incorporated Amended and Restated 1999 Equity Incentive Plan.

F2: Includes 7,696.8552 stock units and dividend shares on stock units. This total also includes 12.4166 shares inadvertently omitted from the total stock units and dividend shares on stock units previously reported.