TUTOR PERINI CORP — Director's Dealing 2008

Jan 4, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PERINI CORP (PCR)
CIK: 0000077543
Period of Report: 2008-01-02

Reporting Person: SHAW CRAIG W (Chairman & CEO, Perini Bldg Co)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-01-02	Common Stock	M	50000	—	Acquired	50000	Direct
2008-01-02	Common Stock	S	300	$40.32	Disposed	49700	Direct
2008-01-02	Common Stock	S	1100	$40.33	Disposed	48600	Direct
2008-01-02	Common Stock	S	300	$40.46	Disposed	48300	Direct
2008-01-02	Common Stock	S	100	$40.47	Disposed	48200	Direct
2008-01-02	Common Stock	S	300	$40.48	Disposed	47900	Direct
2008-01-02	Common Stock	S	1900	$40.55	Disposed	46000	Direct
2008-01-02	Common Stock	S	100	$40.57	Disposed	45900	Direct
2008-01-02	Common Stock	S	500	$40.59	Disposed	45400	Direct
2008-01-02	Common Stock	S	700	$40.60	Disposed	44700	Direct
2008-01-02	Common Stock	S	1100	$40.61	Disposed	43600	Direct
2008-01-02	Common Stock	S	200	$40.62	Disposed	43400	Direct
2008-01-02	Common Stock	S	600	$40.63	Disposed	42800	Direct
2008-01-02	Common Stock	S	1620	$40.65	Disposed	41180	Direct
2008-01-02	Common Stock	S	200	$40.66	Disposed	40980	Direct
2008-01-02	Common Stock	S	700	$40.68	Disposed	40280	Direct
2008-01-02	Common Stock	S	100	$40.69	Disposed	40180	Direct
2008-01-02	Common Stock	S	1000	$40.70	Disposed	39180	Direct
2008-01-02	Common Stock	S	700	$40.72	Disposed	38480	Direct
2008-01-02	Common Stock	S	300	$40.73	Disposed	38180	Direct
2008-01-02	Common Stock	S	2000	$41.01	Disposed	36180	Direct
2008-01-02	Common Stock	S	280	$41.75	Disposed	35900	Direct
2008-01-02	Common Stock	S	1700	$40.90	Disposed	34200	Direct
2008-01-02	Common Stock	S	100	$40.91	Disposed	34100	Direct
2008-01-02	Common Stock	S	100	$40.92	Disposed	34000	Direct
2008-01-02	Common Stock	S	100	$40.97	Disposed	33900	Direct
2008-01-02	Common Stock	S	1900	$41.01	Disposed	32000	Direct
2008-01-02	Common Stock	S	2000	$41.75	Disposed	30000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-01-02	Restricted Stock Unit	$	M	50000	Disposed		Common Stock (50000)	Direct

Footnotes

F1: The restricted stock units convert into common stock of Perini Corporation (the "Company") on a 1 for 1 basis subject to the
Company achieving certain performance criteria for fiscal year 2006.

F2: The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on
November 21, 2007.

F3: The restricted stock units were granted on April 5, 2006.

F4: The restricted stock units vested on January 2, 2008 based on the Company achieving certain performance criteria for fiscal
year 2006.

F5: The reporting person continues to hold 100,000 restricted stock units granted on April 5, 2006 which vest in equal
installments on January 1, 2009 and January 1, 2010, subject to the Company's compensation committee's determination that
certain performance criteria for fiscal years 2007 and 2008, respectively, have been met.