TUTOR PERINI CORP — Director's Dealing 2003

Aug 18, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PERINI CORP (pcr)
CIK: 0000077543
Period of Report: 2003-08-15

Reporting Person: SHAW CRAIG W (President, Perini Building Co.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-15	Common Stock	M	2000	$4.50	Acquired	4120	Direct
2003-08-18	Common Stock	M	7100	$4.50	Acquired	11220	Direct
2003-08-15	Common Stock	S	2000	$8.00	Disposed	9220	Direct
2003-08-18	Common Stock	S	2000	$8.0015	Disposed	7220	Direct
2003-08-18	Common Stock	S	2000	$8.05	Disposed	5220	Direct
2003-08-18	Common Stock	S	3100	$8.10	Disposed	2120	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-15	Employee Stock Option (right to buy)	$4.50	M	2000	Acquired	2010-05-24	Common Stock (2000)	Direct
2003-08-18	Employee Stock Option (right to buy)	$4.50	M	7100	Acquired	2010-05-24	Common Stock (7100)	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.