TUTOR PERINI CORP — Director's Dealing 2007

Jan 10, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PERINI CORP (PCR)
CIK: 0000077543
Period of Report: 2007-01-09

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-09	Common Stock	M	10000	$4.50	Acquired	10000	Direct
2007-01-09	Common Stock	S	1000	$29.55	Disposed	9000	Direct
2007-01-09	Common Stock	S	200	$29.44	Disposed	8800	Direct
2007-01-09	Common Stock	S	800	$29.42	Disposed	8000	Direct
2007-01-09	Common Stock	S	800	$29.72	Disposed	7200	Direct
2007-01-09	Common Stock	S	200	$29.71	Disposed	7000	Direct
2007-01-09	Common Stock	S	1000	$29.70	Disposed	6000	Direct
2007-01-09	Common Stock	S	400	$29.59	Disposed	5600	Direct
2007-01-09	Common Stock	S	600	$29.57	Disposed	5000	Direct
2007-01-09	Common Stock	S	1000	$29.55	Disposed	4000	Direct
2007-01-09	Common Stock	S	1000	$29.56	Disposed	3000	Direct
2007-01-09	Common Stock	S	400	$29.52	Disposed	2600	Direct
2007-01-09	Common Stock	S	100	$29.51	Disposed	2500	Direct
2007-01-09	Common Stock	S	500	$29.49	Disposed	2000	Direct
2007-01-09	Common Stock	S	1000	$29.65	Disposed	1000	Direct
2007-01-09	Common Stock	S	1000	$29.63	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-01-09	Employee Stock Option (right to buy)	$4.5	M	10000	Disposed	2010-05-14	Common Stock (10000)	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
November 20, 2006.

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.