STERLING INFRASTRUCTURE, INC. — Director's Dealing 2008

Jan 23, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STERLING CONSTRUCTION CO INC (STRL)
CIK: 0000874238
Period of Report: 2008-01-18

Reporting Person: HEMSLEY MAARTEN D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-01-18	Common stock	M	25000	$0.875	Acquired	216924	Direct
2008-01-23	Common Stock	M	25000	$0.875	Acquired	241924	Direct
2008-01-23	Common Stock	M	5000	$3.10	Acquired	246924	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-01-18	Stock option (right to buy)	$0.875	M	25000	Disposed	2013-10-27	Common Stock (25000)	Direct
2008-01-23	Stock Option (right to buy)	$0.875	M	25000	Disposed	2013-10-27	Common Stock (25000)	Direct
2008-01-23	Stock Option (right to buy)	$3.10	M	5000	Disposed	2014-08-12	Common Stock (5000)	Direct

Footnotes

F1: The shares under this option are exercisable in four equal installments, on the date of the grant and on the first three anniversaries of the date of the grant.