TUTOR PERINI CORP — Director's Dealing 2006

Jan 4, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PERINI CORP (PCR)
CIK: 0000077543
Period of Report: 2005-12-30

Reporting Person: TUTOR SALIBA CORP (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-12-30	Common Stock	X	2352941	$8.365	Acquired	4160881	Direct
2006-01-04	Common Stock	S	195652	$23.75	Disposed	3965229	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-12-30	Call Option (right to buy)	$8.365	X	2352941	Disposed	2006-03-29	Common Stock (2352941)	Direct

Footnotes

F1: This transaction is exempted from Section 16(b) in accordance with Rule 16b-6.

F2: This Form 4 is being filed to report the disposition of a derivative security on December 30, 2005, as a result of the
exercise of the call option.

F3: Acquired in connection with a recapitalization of Perini Corporation and investment by Tutor-Saliba Corporation in shares of
common stock of Perini Corporation on March 29, 2000.