GRANITE CONSTRUCTION INC — Director's Dealing 2019

Mar 18, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRANITE CONSTRUCTION INC (GVA)
CIK: 0000861459
Period of Report: 2019-03-14

Reporting Person: Richards James D. (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-14	Common Stock	F	351	$46.18	Disposed	31475.89	Direct
2019-03-14	Common Stock	F	177	$46.18	Disposed	31298.89	Direct
2019-03-14	Common Stock	F	145	$46.18	Disposed	31153.89	Direct
2019-03-14	Common Stock	A	6194	—	Acquired	37347.89	Direct
2019-03-14	Common Stock	A	1949	—	Acquired	39296.89	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6238.9	Indirect

Footnotes

F1: Shares surrendered for taxes due to vesting on March 14, 2019 (initial grant date 3/14/16).

F2: Total adjusted to include dividend equivalents (DEUs: 8 - 4/13/18; 8 - 7/13/18; 10 - 10/12/18; 12 - 1/15/19) 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.

F3: Shares surrendered for taxes due to vesting on March 14, 2019 (initial grant date 3/14/17).

F4: Shares surrendered for taxes due to vesting on March 14, 2019 (initial grant date 3/14/18).

F5: 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.

F6: 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.

F7: Adjusted to reflect dividends earned under the dividend reinvestment feature of the ESOP Plan since the Reporting Person's last report.