TUTOR PERINI CORP — Director's Dealing 2005

May 16, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PERINI CORP (C@PUWFS3)
CIK: 0000077543
Period of Report: 2005-05-13

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-13	Common Stock	M	6500	$4.50	Acquired	6500	Direct
2005-05-13	Common Stock	S	6500	$15.90	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-05-13	Employee Stock Option (right to buy)	$4.50	M	6500	Disposed	2010-05-24	Common Stock (6500)	Direct

Footnotes

F1: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on
December 17, 2004.

F2: Granted an option to purchase 400,000 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.