GRANITE CONSTRUCTION INC — Director's Dealing 2015

Mar 18, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRANITE CONSTRUCTION INC (GVA)
CIK: 0000861459
Period of Report: 2015-03-13

Reporting Person: Roberts James Hildebrand (Director, Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-13	Common Stock	A	12665	$26.32	Acquired	74009.9237	Direct
2015-03-13	Common Stock	A	17538	$32.31	Acquired	91547.9237	Direct
2015-03-14	Common Stock	F	2245	$32.31	Disposed	89302.9237	Direct
2015-03-14	Common Stock	F	2345	$32.31	Disposed	86957.9237	Direct
2015-03-14	Common Stock	F	1880	$32.31	Disposed	85077.9237	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	127585	Indirect

Footnotes

F1: Stock units granted pursuant to the Granite Construction Incorporated 2012 Equity Incentive Plan (the "Plan"). The stock units vest 100% ten days after the date of the grant.

F2: Stock units granted pursuant to the Granite Construction Incorporated 2012 Equity Incentive Plan (the "Plan"). The stock units vest in three equal annual installments on the first, second and third anniversaries of the Grant Date.

F3: Shares surrendered for taxes due to vesting on March 14, 2015 (initial grant date 3/14/12.)

F4: Shares surrendered for taxes due to vesting on March 14, 2015 (initial grant date 3/14/13.)

F5: Shares surrendered for taxes due to vesting on March 14, 2015 (initial grant date 3/14/14.)

F6: Total adjusted to include dividend equivalents units(114 DEUs) credited to the Reporting Person under the dividend reinvestment feature of the Plan since the Reporting Person's last report.

F7: Previously reported.