TUTOR PERINI CORP — Director's Dealing 2004

Aug 17, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PERINI CORP (PCR)
CIK: 0000077543
Period of Report: 2004-08-13

Reporting Person: TUTOR RONALD N (Director, Chairman & CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-08-13	Common Stock	M	1000000	$4.50	Acquired	1000000	Direct
2004-08-13	Common Stock	M	150000	$8.375	Acquired	1150000	Direct
2004-08-13	Common Stock	M	45000	$5.2875	Acquired	1195000	Direct
2004-08-13	Common Stock	M	30000	$5.1250	Acquired	1225000	Direct
2004-08-13	Common Stock	J	1225000	—	Disposed	0	Direct
2004-08-13	Common Stock	J	1225000	—	Acquired	4174788	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-08-13	Stock Option (right to buy)	$4.5	M	1000000	Disposed	2010-03-28	Common Stock (1000000)	Direct
2004-08-13	Stock Option (right to buy)	$5.125	M	30000	Disposed	2007-01-03	Common Stock (30000)	Direct
2004-08-13	Stock Option (right to buy)	$5.2875	M	45000	Disposed	2006-12-09	Common Stock (45000)	Direct
2004-08-13	Stock Option (right to buy)	$8.375	M	150000	Disposed	2005-01-16	Common Stock (150000)	Direct

Footnotes

F1: Transfer of shares for no consideration from the reporting person to Tutor-Saliba Corporation, an entity of which the
reporting person is the sole stockholder and chief executive officer.

F2: Shares are indirectly held by the reporting person and directly held by Tutor-Saliba Corporation, an entity of which the
reporting person is the sole stockholder and chief executive officer.

F3: Represents a stock option grant acquired on March 29, 2000 by the reporting person.

F4: The option vests as follows: 33% on the grant date, 33% on the first anniversary of the grant date and 33% on the second
anniversary of the grant date.

F5: Represents a stock option grant acquired on January 4, 1999 by the reporting person.

F6: The option vests as follows: 50% on the second anniversary of the grant date and 50% on the third anniversary of the grant
date.

F7: Represents a stock option grant acquired on December 10, 1998 by the reporting person.

F8: The option vests as follows: 50% on the second anniversary of the grant date and 50% on the third anniversary of the grant
date.

F9: Represents a stock option grant acquired on January 17, 1997 by the reporting person.

F10: The option vested in full on May 17, 2000.