TUTOR PERINI CORP — Director's Dealing 2004

Dec 16, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PERINI CORP (PCR)
CIK: 0000077543
Period of Report: 2004-12-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-14	Common Stock	M	25000	$8.6625	Acquired	25000	Direct
2004-12-14	Common Stock	S	700	$16.77	Disposed	24300	Direct
2004-12-14	Common Stock	S	2600	$16.78	Disposed	21700	Direct
2004-12-14	Common Stock	S	16300	$16.80	Disposed	5400	Direct
2004-12-14	Common Stock	S	5000	$16.83	Disposed	400	Direct
2004-12-14	Common Stock	S	400	$16.84	Disposed	0	Direct
2004-12-15	Common Stock	M	25000	$8.6625	Acquired	25000	Direct
2004-12-15	Common Stock	S	16800	$16.70	Disposed	8200	Direct
2004-12-15	Common Stock	S	200	$16.75	Disposed	8000	Direct
2004-12-15	Common Stock	S	300	$16.76	Disposed	7700	Direct
2004-12-15	Common Stock	S	600	$16.77	Disposed	7100	Direct
2004-12-15	Common Stock	S	1500	$16.78	Disposed	5600	Direct
2004-12-15	Common Stock	S	100	$16.80	Disposed	5500	Direct
2004-12-15	Common Stock	S	1100	$16.81	Disposed	4400	Direct
2004-12-15	Common Stock	S	2600	$16.82	Disposed	1800	Direct
2004-12-15	Common Stock	S	300	$16.83	Disposed	1500	Direct
2004-12-15	Common Stock	S	100	$16.84	Disposed	1400	Direct
2004-12-15	Common Stock	S	1400	$16.85	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-14	Employee Stock Option (right to buy)	$8.6625	M	25000	Disposed	2006-01-18	Common Stock (25000)	Direct
2004-12-15	Employee Stock Option (right to buy)	$8.6625	M	25000	Disposed	2006-01-18	Common Stock (25000)	Direct

Footnotes

F1: Granted an option to purchase 50,000 shares of Common Stock at an exercise price of $8.6625 per share. 50% of such shares
vested on 1/2000; an additional 50% vested on 1/2001.