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TUTOR PERINI CORP — Director's Dealing 2009
Jan 5, 2009
31352_dirs_2009-01-05_9ae5be78-7d4e-4d81-97ba-0cbdbb7b99da.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PERINI CORP (PCR)
CIK: 0000077543
Period of Report: 2009-01-01
Reporting Person: SHAW CRAIG W (Chairman & CEO, Perini Bldg Co)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2009-01-01 | Common Stock | M | 50000 | — | Acquired | 80000 | Direct |
| 2009-01-02 | Common Stock | S | 7000 | $23.1693 | Disposed | 73000 | Direct |
| 2009-01-02 | Common Stock | S | 3000 | $23.6972 | Disposed | 70000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2009-01-01 | 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 having achieved certain performance criteria for fiscal year 2007.
F2: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on
November 17, 2008.
F3: Represents the weighted average sales price of shares sold at prices ranging from $22.5565 to $23.50 per share. The
reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer, or a
security holder of the issuer, full information regarding the number of shares sold at each separate price.
F4: Represents the weighted average sales price of shares sold at prices ranging from $23.56 to $23.944 per share. The
reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer, or a
security holder of the issuer, full information regarding the number of shares sold at each separate price.
F5: The restricted stock units were granted on April 5, 2006.
F6: The restricted stock units vested on January 1, 2009 based on the Company having achieved certain performance criteria for
fiscal year 2007.
F7: The reporting person continues to hold 50,000 restricted stock units granted on April 5, 2006 which vest on January 1, 2010,
subject to the Company's compensation committee's determination that certain performance criteria for fiscal year 2008 have
been met.