TUTOR PERINI CORP — Director's Dealing 2006

Nov 9, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PERINI CORP (PCR)
CIK: 0000077543
Period of Report: 2006-11-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-07	Common Stock	M	10000	$4.50	Acquired	10000	Direct
2006-11-07	Common Stock	S	100	$29.69	Disposed	9900	Direct
2006-11-07	Common Stock	S	300	$29.70	Disposed	9600	Direct
2006-11-07	Common Stock	S	8400	$29.58	Disposed	1200	Direct
2006-11-07	Common Stock	S	200	$29.87	Disposed	1000	Direct
2006-11-07	Common Stock	S	1000	$29.80	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-07	Employee Stock Option (right to buy)	$4.50	M	10000	Disposed	2010-05-14	Common Stock (10000)	Direct

Footnotes

F1: 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.