GRANITE CONSTRUCTION INC — Director's Dealing 2017

Mar 16, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRANITE CONSTRUCTION INC (GVA)
CIK: 0000861459
Period of Report: 2017-03-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-14	Common Stock	F	2347	$50.82	Disposed	36571.9237	Direct
2017-03-14	Common Stock	F	2717	$50.82	Disposed	33854.9237	Direct
2017-03-14	Common Stock	A	45633	$34.77	Acquired	79487.9237	Direct
2017-03-14	Common Stock	A	7871	$50.82	Acquired	87358.9237	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	127585	Indirect

Footnotes

F1: Shares surrendered for taxes due to vesting on March 14, 2017 (initial grant date 3/14/14).

F2: Shares surrendered for taxes due to vesting on March 14, 2017 (initial grant date 3/14/16).

F3: 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.

F4: 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.

F5: Previously reported.