TUTOR PERINI CORP — Director's Dealing 2004

Nov 24, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PERINI CORP (PCR)
CIK: 0000077543
Period of Report: 2004-11-23

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-11-23	Common Stock	M	125000	$4.5	Acquired	125000	Direct
2004-11-23	Common Stock	S	99000	$14.65	Disposed	26000	Direct
2004-11-23	Common Stock	S	1000	$14.67	Disposed	25000	Direct
2004-11-23	Common Stock	S	25000	$16.00	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-23	Employee Stock Option (right to buy)	$4.50	M	125000	Disposed	2010-05-24	Common Stock (125000)	Direct

Footnotes

F1: Granted an option to purchase 400,000 shares of Common Stock at an exercise rate of $4.50 per share; 33.33% of such shares
vested 3/2000; an additional 33.34% vested on 3/2001 and an additional 33.33% vested on 3/2002.