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TUTOR PERINI CORP — Director's Dealing 2017
Mar 17, 2017
31352_dirs_2017-03-17_d65b8149-71cd-446c-8ebf-86fe3e8ff694.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TUTOR PERINI Corp (TPC)
CIK: 0000077543
Period of Report: 2017-03-15
Reporting Person: TUTOR RONALD N (Director, Chairman & CEO, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-03-15 | Common Stock | M | 142402 | — | Acquired | 142402 | Direct |
| 2017-03-15 | Common Stock | F | 59737 | $31.50 | Disposed | 82665 | Direct |
| 2017-03-15 | Common Stock | M | 150000 | — | Acquired | 232665 | Direct |
| 2017-03-15 | Common Stock | F | 62925 | $31.50 | Disposed | 169740 | Direct |
| 2017-03-15 | Common Stock | D | 19740 | $31.50 | Disposed | 150000 | Direct |
| 2017-03-15 | Common Stock | G | 150000 | — | Disposed | 0 | Direct |
| 2017-03-15 | Common Stock | G | 150000 | — | Acquired | 5948120 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-03-15 | Restricted Stock Units | $ | M | 142402 | Disposed | Common Stock (142402) | Direct | |
| 2017-03-15 | Restricted Stock Units | $ | D | 7598 | Disposed | Common Stock (7598) | Direct | |
| 2017-03-15 | Employee Stock Option (Right to Buy) | $28.17 | D | 7598 | Disposed | Common Stock (7598) | Direct | |
| 2017-03-15 | Restricted Stock Units | $ | M | 150000 | Disposed | Common Stock (150000) | Direct | |
| 2016-03-15 | Restricted Stock Units | $ | D | 150000 | Disposed | Common Stock (150000) | Direct | |
| 2016-03-15 | Employee Stock Option (Right to Buy) | $11.05 | D | 150000 | Disposed | Common Stock (150000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1500000 | Indirect |
| Common Stock | 1533255 | Indirect |
Footnotes
F1: The restricted stock units (RSUs) convert into common stock of Tutor Perini Corporation on a 1-for-1 basis upon vesting.
F2: On March 30, 2014, the reporting person was granted 150,000 RSUs and 150,000 stock options (SOs) vesting on March 15, 2017, based on the achievement of a performance target for the three-year period ending December 31, 2016; approximately 95% of the award was earned. The RSUs and SOs were previously voluntarily reported on Form 4.
F3: On March 28, 2016 the reporting person was granted 150,000 RSUs and 150,000 SOs vesting on March 15, 2017, based on the achievement of a performance target for the year ending December 31, 2016. The RSUs and SOs were previously voluntarily reported on Form 4.
F4: On March 31, 2015, the reporting person was granted 150,000 RSUs and 150,000 SOs vesting on March 15, 2016, based on the achievement of a performance target for the year ending December 31, 2015; no portion of these awards was earned. The RSUs and SOs were previously voluntarily reported on Form 4.