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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (1) | 03/15/2017 | M | 94,935 | (2) | (2) | Common Stock | 94,935 | $ 0 | 5,065 | D | ||||
Restricted Stock Units | (1) | 03/15/2017 | D | 5,065 | (2) | (2) | Common Stock | 5,065 | $ 0 | 0 | D | ||||
Employee Stock Option (Right to Buy) | $ 28.17 | 03/15/2017 | D | 5,065 | (2) | (2) | Common Stock | 5,065 | $ 0 | 94,935 | D | ||||
Restricted Stock Units | (1) | 03/15/2017 | M | 93,197 | (3) | (3) | Common Stock | 93,197 | $ 0 | 6,803 | D | ||||
Restricted Stock Units | (1) | 03/15/2017 | D | 6,803 | (3) | (3) | Common Stock | 6,803 | $ 0 | 0 | D | ||||
Employee Stock Option (Right to Buy) | $ 23.56 | 03/15/2017 | D | 6,803 | (3) | (3) | Common Stock | 6,803 | $ 0 | 93,197 | D | ||||
Restricted Stock Units | (1) | 03/15/2016 | D | 100,000 | (4) | (4) | Common Stock | 100,000 | $ 0 | 0 | D | ||||
Employee Stock Option (Right to Buy) | $ 23.35 | 03/15/2016 | D | 100,000 | (4) | (4) | Common Stock | 100,000 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Frost James A C/O TUTOR PERINI CORPORATION 15901 OLDEN STREET SYLMAR, CA 91342 |
X | President & COO |
/s/John D. Barrett, attorney-in-fact | 03/17/2017 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The restricted stock units (RSUs) convert into common stock of Tutor Perini Corporation on a 1-for-1 basis upon vesting. |
(2) | On March 30, 2014, the reporting person was granted 100,000 RSUs and 100,000 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. |
(3) | On March 28, 2016, the reporting person was granted 100,000 RSUs and 100,000 SOs vesting on March 15, 2017, based on the achievement of a performance target for the year ending December 31, 2016; approximately 93% of the award was earned. The RSUs and SOs were previously voluntarily reported on Form 4. |
(4) | On March 31, 2015, the reporting person was granted 100,000 RSUs and 100,000 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. |
(5) | The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.90 to $30.68, inclusive. The reporting person undertakes to provide to Tutor Perini Corporation, any security holder of Tutor Perini Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnote to this Form 4. |