TUTOR PERINI CORP — Director's Dealing 2004

Dec 7, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PERINI CORP (PCR)
CIK: 0000077543
Period of Report: 2004-12-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-06	Common Stock	M	41500	$4.50	Acquired	41500	Direct
2004-12-06	Common Stock	S	1900	$15.90	Disposed	39600	Direct
2004-12-06	Common Stock	S	500	$15.91	Disposed	39100	Direct
2004-12-06	Common Stock	S	1800	$15.92	Disposed	37300	Direct
2004-12-06	Common Stock	S	2400	$15.93	Disposed	34900	Direct
2004-12-06	Common Stock	S	19500	$15.94	Disposed	15400	Direct
2004-12-06	Common Stock	S	1800	$15.95	Disposed	13600	Direct
2004-12-06	Common Stock	S	10000	$15.96	Disposed	3600	Direct
2004-12-06	Common Stock	S	1100	$15.97	Disposed	2500	Direct
2004-12-06	Common Stock	S	100	$15.98	Disposed	2400	Direct
2004-12-06	Common Stock	S	1600	$15.99	Disposed	800	Direct
2004-12-06	Common Stock	S	800	$16.00	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-06	Employee Stock Option (right to buy)	$4.50	M	41500	Disposed	2010-05-24	Common Stock (41500)	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.