TUTOR PERINI CORP — Director's Dealing 2005

Dec 21, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PERINI CORP (PCR)
CIK: 0000077543
Period of Report: 2005-12-20

Reporting Person: BLUM CAPITAL PARTNERS LP (10% Owner)
Reporting Person: RICHARD C BLUM & ASSOCIATES INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-12-20	Common Stock	S	2661514	$22.44	Disposed	399227	Direct
2005-12-20	Common Stock	S	5743	$22.44	Disposed	862	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	49801	Indirect

Footnotes

F1: These shares are owned directly by PB Capital Partners, L.P.

F2: These shares may be deemed to be owned indirectly by the following parties: (i) Blum Capital Partners, L.P. ("Blum LP"), the general partner of the limited partnership described in Note (1) and (ii) Richard C. Blum and Associates, Inc. ("RCBA Inc."), the general partner of Blum LP. Blum LP and RCBA Inc. disclaim beneficial ownership of these shares, except to the extent of any pecuniary interest therein.

F3: These shares are owned directly by Blum LP and may be deemed to be owned indirectly by RCBA Inc., the general partner of Blum LP. RCBA Inc. disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.

F4: These shares are owned directly by the United Brotherhood of Carpenters Pension Plan ("UBC"). UBC disclaims membership in a group with any of the Reporting Persons and therefore is not subject to Section 16. Blum LP, a registered investment advisor, has voting and investment discretion with respect to the shares owned by UBC, but no Reporting Person has a reportable pecuniary interest in any of the shares owned by UBC.