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TUTOR PERINI CORP — Director's Dealing 2020
Jan 22, 2020
31352_dirs_2020-01-22_82eb0de5-2662-4930-985a-dbd7dc36c74f.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: 2020-01-18
Reporting Person: TUTOR RONALD N (Director, Chairman & CEO, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-01-18 | Common Stock | A | 30682 | — | Acquired | 30682 | Direct |
| 2020-01-18 | Common Stock | F | 10891 | $11.58 | Disposed | 19791 | Direct |
| 2020-01-18 | Common Stock | G | 19791 | — | Disposed | 0 | Direct |
| 2020-01-18 | Common Stock | G | 19791 | — | Acquired | 5083841 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-01-18 | Employee Stock Option (Right to Buy) | $25.70 | A | 30682 | Acquired | 2028-01-05 | Common Stock (30682) | Direct |
| 2020-01-18 | Employee Stock Option (Right to Buy) | $25.70 | G | 30682 | Disposed | 2028-01-05 | Common Stock (30682) | Direct |
| 2020-01-18 | Employee Stock Option (Right to Buy) | $25.70 | G | 30682 | Acquired | 2028-01-05 | Common Stock (30682) | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1561610 | Indirect |
| Common Stock | 1533255 | Indirect |
Footnotes
F1: On January 5, 2018, the reporting person was granted 75,000 restricted stock units (RSUs) (target amount) vesting upon the achievement of a performance target for the fiscal year ending December 31, 2019 and Board approval; approximately 41% of the award was earned. The RSUs convert into common stock of Tutor Perini Corporation on a 1-for-1 basis upon vesting.
F2: On January 5, 2018, the reporting person was granted 75,000 stock options (SOs) (target amount) vesting upon the achievement of a performance target for the fiscal year ending December 31, 2019 and Board approval; approximately 41% of the award was earned.
F3: The reporting person transferred SOs to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries.
F4: Includes 225,000 SOs that the reporting person transferred to the Tutor Marital Property Trust on December 14, 2018, as reported on Form 5 on February 1, 2019.