GRANITE CONSTRUCTION INC — Director's Dealing 2017

Mar 14, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRANITE CONSTRUCTION INC (GVA)
CIK: 0000861459
Period of Report: 2017-03-13

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-13	Common Stock	F	728	$51.19	Disposed	54853.9022	Direct
2017-03-14	Common Stock	S	3174	$50.11	Disposed	51679.9022	Direct

Footnotes

F1: Shares surrendered for taxes due to vesting on March 13, 2017 (initial grant date 3/13/15).

F2: 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.

F3: Total adjusted to include 205 dividends (DEUs: 29 - 4/15/16; 31 - 7/15/16; 28 - 10/14/16; 25 - 1/13/17) credited to the Reporting Person under the dividend reinvestment feature of the Granite Construction Incorporated 2012 Equity Incentive Plan since the Reporting Person's last report, and shares purchased pursuant to the Granite Construction Incorporated 2009 Employee Stock Purchase Program (the "Purchase Plan"), purchases of 53 shares on 5/13/16 and 38 shares on 11/14/16.