GRANITE CONSTRUCTION INC — Director's Dealing 2011

Feb 11, 2011

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: GRANITE CONSTRUCTION INC (GVA)
CIK: 0000861459
Period of Report: 2010-12-31

Reporting Person: KELSEY DAVID H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-07-15	Common Stock	A	30.5467	$23.58	Acquired	9419.243	Direct
2010-10-15	Common Stock	A	31.8496	$22.74	Acquired	9451.0926	Direct

Footnotes

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

F2: Includes 5,571.243 stock units and dividend shares on stock units.

F3: Includes 5,603.0926 stock units and dividend shares on stock units.