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GRANITE CONSTRUCTION INC Director's Dealing 2015

May 11, 2015

31052_dirs_2015-05-11_3c96e316-ca17-4530-b450-45e203c05599.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRANITE CONSTRUCTION INC (GVA)
CIK: 0000861459
Period of Report: 2015-05-07

Reporting Person: KELSEY DAVID H (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2015-05-07 Common Stock M 713 $26.78 Acquired 24350.6921 Direct
2015-05-07 Common Stock F 521 $37.52 Disposed 23829.6921 Direct
2015-05-08 Common Stock S 1848 $38.2046 Disposed 21981.6921 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2015-05-07 Stock Options (Right to Buy) $26.78 M 713 Disposed 2015-03-31 Common Stock (713) Direct

Footnotes

F1: Stock options exercised prior to expiration date.

F2: Cashless exercise of stock options.

F3: Held jointly with spouse. Share investment and voting power.

F4: The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices. The price reported represents the weighted average price. The Reporting Person undertakes to provide the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold at each separate price within the range.