TUTOR PERINI CORP — Director's Dealing 2004

Dec 8, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PERINI CORP (PCR)
CIK: 0000077543
Period of Report: 2004-12-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-07	Common Stock	M	40000	$4.5	Acquired	40000	Direct
2004-12-07	Common Stock	S	21800	$16.25	Disposed	18200	Direct
2004-12-07	Common Stock	S	2200	$16.26	Disposed	16000	Direct
2004-12-07	Common Stock	S	200	$16.27	Disposed	15800	Direct
2004-12-07	Common Stock	S	6200	$16.28	Disposed	9600	Direct
2004-12-07	Common Stock	S	3100	$16.30	Disposed	6500	Direct
2004-12-07	Common Stock	S	600	$16.31	Disposed	5900	Direct
2004-12-07	Common Stock	S	5900	$16.33	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-07	Employee Stock Option (right to buy)	$4.50	M	40000	Disposed	2010-05-24	Common Stock (40000)	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 on 3/2000; an additional 33.34% vested on 3/2001 and an additional 33.33% vested on 3/2002.