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TUTOR PERINI CORP — Director's Dealing 2021
Jan 21, 2021
31352_dirs_2021-01-20_2a889bce-8ae7-4278-afcf-3e2786183b47.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: 2021-01-18
Reporting Person: TUTOR RONALD N (Director, Chairman & CEO, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-01-18 | Common Stock | M | 18750 | — | Acquired | 18750 | Direct |
| 2021-01-18 | Common Stock | F | 9296 | $16.21 | Disposed | 9454 | Direct |
| 2021-01-18 | Common Stock | D | 9454 | $16.21 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-01-18 | Restricted Stock Units | $ | M | 18750 | Disposed | Common Stock (18750) | Direct | |
| 2021-01-18 | Employee Stock Option (Right to Buy) | $25.70 | A | 18750 | Acquired | 2028-01-05 | Common Stock (18750) | Direct |
| 2021-01-18 | Employee Stock Option (Right to Buy) | $25.70 | G | 18750 | Disposed | 2028-01-05 | Common Stock (18750) | Direct |
| 2021-01-18 | Employee Stock Option (Right to Buy) | $25.70 | G | 18750 | Acquired | 2028-01-05 | Common Stock (18750) | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1648305 | Indirect |
| Common Stock | 4832841 | 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 period from January 1, 2019 to December 31, 2020 and Board approval; 25% of the award was earned. Each RSU represents a contingent right to receive one share of common stock of Tutor Perini Corporation. The RSUs may be settled in either common stock or cash (or a combination thereof) at the discretion of Tutor Perini Corporation. The RSUs reported in this Form 4 were settled in cash.
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 period from January 1, 2019 to December 31, 2020 and Board approval; 25% 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, as well as 30,682 SOs transferred to the Tutor Marital Property Trust on January 18, 2020, as reported on Form 4 on January 22, 2020.