TUTOR PERINI CORP — Director's Dealing 2003

Aug 25, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PERINI CORP (pcr)
CIK: 0000077543
Period of Report: 2003-08-22

Reporting Person: MARASHLIAN ZOHRAB B (President, Perini Civil)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-22	Common Stock	M	10500	$4.50	Acquired	10500	Direct
2003-08-22	Common Stock	S	10400	$8.80	Disposed	100	Direct
2003-08-22	Common Stock	S	100	$8.75	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-22	Employee Stock Option (right to buy)	$4.50	M	10500	Acquired	2010-05-24	Common Stock (10500)	Direct

Footnotes

F1: Granted an option to purchase 400,000 shares of Common Stock at an exercise price of $4.50 per share, 33.33% of such shares vested 03/2000, an additional 33.33% vested on 03/2001 and 03/2002.