GRANITE CONSTRUCTION INC — Director's Dealing 2016

Mar 15, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRANITE CONSTRUCTION INC (GVA)
CIK: 0000861459
Period of Report: 2016-03-13

Reporting Person: Krzeminski Laurel J (Executive Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-13	Common Stock	F	721	$43.09	Disposed	46152.9022	Direct
2016-03-14	Common Stock	A	8680	$35.19	Acquired	55118.9022	Direct
2016-03-14	Common Stock	F	617	$43.12	Disposed	54501.9022	Direct
2016-03-14	Common Stock	F	770	$43.12	Disposed	53731.9022	Direct
2016-03-14	Common Stock	A	5025	$43.12	Acquired	58756.9022	Direct

Footnotes

F1: Shares surrendered for taxes due to vesting on March 13, 2016 (initial grant date 3/13/15).

F2: 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 grant.

F3: Shares surrendered for taxes due to vesting on March 14, 2016 (initial grant date 3/14/14).

F4: Shares surrendered for taxes due to vesting on March 14, 2016 (initial grant date 3/14/13).

F5: 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.

F6: Total adjusted to include dividend equivalent units (286 DEUs) credited to the reporting person under the dividend reinvestment feature of the Plan since the Reporting Person's last report.