GRANITE CONSTRUCTION INC — Director's Dealing 2012

Mar 23, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRANITE CONSTRUCTION INC (GVA)
CIK: 0000861459
Period of Report: 2012-03-22

Reporting Person: NIEBLA JESUS FERNANDO (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-22	Common Stock	M	303	$11.99	Acquired	16319.4755	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-22	Option (Right to Buy)	$11.99	M	303	Disposed	2012-03-31	Common Stock (303)	Direct

Footnotes

F1: 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 (46 shares 7/15/11; 61 shares 10/14/11; 49 shares 1/13/12).