TUTOR PERINI CORP — Director's Dealing 2004

Dec 3, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PERINI CORP (PCR)
CIK: 0000077543
Period of Report: 2004-12-02

Reporting Person: BAND ROBERT (Director, President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-02	Common Stock	M	25000	$8.6625	Acquired	25000	Direct
2004-12-02	Common Stock	M	12500	$5.2875	Acquired	37500	Direct
2004-12-02	Common Stock	M	100000	$4.50	Acquired	137500	Direct
2004-12-02	Common Stock	S	61500	$15.30	Disposed	76000	Direct
2004-12-02	Common Stock	S	200	$15.31	Disposed	75800	Direct
2004-12-02	Common Stock	S	100	$15.32	Disposed	75700	Direct
2004-12-02	Common Stock	S	800	$15.34	Disposed	74900	Direct
2004-12-02	Common Stock	S	200	$15.35	Disposed	74700	Direct
2004-12-02	Common Stock	S	500	$15.36	Disposed	74200	Direct
2004-12-02	Common Stock	S	100	$15.38	Disposed	74100	Direct
2004-12-02	Common Stock	S	1000	$15.39	Disposed	73100	Direct
2004-12-02	Common Stock	S	67000	$15.40	Disposed	6100	Direct
2004-12-02	Common Stock	S	300	$15.41	Disposed	5800	Direct
2004-12-02	Common Stock	S	1000	$15.42	Disposed	4800	Direct
2004-12-02	Common Stock	S	100	$15.43	Disposed	4700	Direct
2004-12-02	Common Stock	S	900	$15.45	Disposed	3800	Direct
2004-12-02	Common Stock	S	1100	$15.46	Disposed	2700	Direct
2004-12-02	Common Stock	S	100	$15.47	Disposed	2600	Direct
2004-12-02	Common Stock	S	400	$15.50	Disposed	2200	Direct
2004-12-02	Common Stock	S	800	$15.51	Disposed	1400	Direct
2004-12-02	Common Stock	S	1100	$15.55	Disposed	300	Direct
2004-12-02	Common Stock	S	300	$15.65	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-02	Employee Stock Option (right to buy)	$8.6625	M	25000	Disposed	2006-01-18	Common Stock (25000)	Direct
2004-12-02	Employee Stock Option (right to buy)	$5.2875	M	12500	Disposed	2006-12-09	Common Stock (12500)	Direct
2004-12-02	Employee Stock Option (right to buy)	$4.50	M	100000	Disposed	2010-05-24	Common Stock (100000)	Direct

Footnotes

F1: Granted an option to purchase 25,000 shares of Common Stock at an exercise price of $8.6625 per share; 50% of such shares
vested on 01/2000, an additional 50% vested on 01/2001.

F2: Granted an option to purchase 12,500 shares of Common Stock at an exercise price of $5.2875 per share; 50% of such shares
vested on 12/2000, an additional 50% vested on 12/2001.

F3: Granted an option to purchase 200,000 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.