James A. Frost - 23 May 2021 Form 4 Insider Report for TUTOR PERINI CORP (TPC)

Role: President & COO, Director
Signature: /s/ Anthony C. Fiore, Attorney-in-Fact
Issuer symbol: TPC
Transactions as of: 23 May 2021
Net transactions value: -$311,455
Form type: 4
Filing time: 25 May 2021, 18:47:05 UTC
Previous filing: 28 May 2021
Next filing: 28 May 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPC	Common Stock	Options Exercise		+50,000	+8.7%		627,276	23 May 2021	Direct	F1
transaction	TPC	Common Stock	Tax liability	$311,455	-19,675	-3.1%	$15.83^*	607,601	23 May 2021	Direct
transaction	TPC	Common Stock	Gift	$0	-30,325	-5%	$0.000000	577,276	23 May 2021	Direct
transaction	TPC	Common Stock	Gift	$0	+30,325		$0.000000	30,325	23 May 2021	By Frost Family Trust Dated September 23, 2004
transaction	TPC	Common Stock	Gift	$0	-277,406	-48%	$0.000000	299,870	25 May 2021	Direct
transaction	TPC	Common Stock	Gift	$0	+277,406	+915%	$0.000000	307,731	25 May 2021	By Frost Family Trust Dated September 23, 2004

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	TPC	Restricted Stock Units	Options Exercise	$0	-50,000	-100%	$0.000000^*	0	23 May 2021	Common Stock	50,000		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The restricted stock units (RSUs) convert into common stock of Tutor Perini Corporation on a 1-for-1 basis.
F2	On May 23, 2018, the reporting person was granted 50,000 RSUs that vested on May 23, 2021, contingent upon the reporting person's continued employment through this date.