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: 2004-12-15

Reporting Person: ARKLEY PETER (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-15	Common Stock	M	4700	$3.125	Acquired	4700	Direct
2004-12-15	Common Stock	S	1900	$16.69	Disposed	2800	Direct
2004-12-15	Common Stock	S	2800	$16.65	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-15	Employee Stock Option (right to buy)	$3.125	M	4700	Disposed	2010-05-24	Common Stock (4700)	Direct

Footnotes

F1: Granted an option to purchase 4,700 shares of Common Stock at an exercise price of $3.125 per share. 100% of such shares
vested on 5/2003.