TUTOR PERINI CORP — Director's Dealing 2004

Nov 19, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PERINI CORP (PCR)
CIK: 0000077543
Period of Report: 2004-11-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-11-17	Common Stock	M	25000	$5.2875	Acquired	25000	Direct
2004-11-17	Common Stock	M	14300	$4.5	Acquired	39300	Direct
2004-11-17	Common Stock	S	11800	$14.15	Disposed	27500	Direct
2004-11-17	Common Stock	S	200	$14.17	Disposed	27300	Direct
2004-11-17	Common Stock	S	100	$14.20	Disposed	27200	Direct
2004-11-17	Common Stock	S	14700	$14.25	Disposed	12500	Direct
2004-11-17	Common Stock	S	1800	$14.26	Disposed	10700	Direct
2004-11-17	Common Stock	S	5300	$14.27	Disposed	5400	Direct
2004-11-17	Common Stock	S	2000	$14.28	Disposed	3400	Direct
2004-11-17	Common Stock	S	300	$14.29	Disposed	3100	Direct
2004-11-17	Common Stock	S	500	$14.30	Disposed	2600	Direct
2004-11-17	Common Stock	S	700	$14.33	Disposed	1900	Direct
2004-11-17	Common Stock	S	1700	$14.35	Disposed	200	Direct
2004-11-17	Common Stock	S	200	$14.40	Disposed	0	Direct
2004-11-18	Common Stock	M	700	$4.5	Acquired	700	Direct
2004-11-18	Common Stock	S	100	$14.15	Disposed	600	Direct
2004-11-18	Common Stock	S	600	$14.10	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-17	Employee Stock Option (right to buy)	$5.2875	M	25000	Disposed	2006-12-09	Common Stock (25000)	Direct
2004-11-17	Employee Stock Option (right to buy)	$4.50	M	14300	Disposed	2010-05-24	Common Stock (14300)	Direct
2004-11-18	Employee Stock Option (right to buy)	$4.50	M	700	Disposed	2010-05-24	Common Stock (700)	Direct

Footnotes

F1: Granted an option to purchase 25,000 shares of Common Stock at an exercise rate of $5.2875 per share; 50% of such shares
vested 12/2000, an additional 50% vested 12/2001.

F2: 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.