SEC Form 4 · accession 0001140361-17-012614
TUTOR PERINI CORP · TPC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James A Frost
Officer — President & COO · Director
Period of report
Mar 15, 2017
Accepted (ET)
Mar 17, 2017 · 5:16 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000077543
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 15, 2017 | M | 94,935 | — | A | 534,661 | D | |
| Common Stock | Mar 15, 2017 | F | 39,667 | $31.50 | D | 494,994 | D | |
| Common StockF1 | Mar 15, 2017 | M | 93,197 | — | A | 588,191 | D | |
| Common Stock | Mar 15, 2017 | F | 38,939 | $31.50 | D | 549,252 | D | |
| Common StockF5 | Mar 17, 2017 | S | 110,000 | $30.27 | D | 439,252 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Mar 15, 2017 | M | 94,935 | D | — | — | Common Stock | 94,935 | 5,065 | D |
| Restricted Stock UnitsF1,F2 | — | Mar 15, 2017 | D | 5,065 | D | — | — | Common Stock | 5,065 | 0 | D |
| Employee Stock Option (Right to Buy)F2 | $28.17 | Mar 15, 2017 | D | 5,065 | D | — | — | Common Stock | 5,065 | 94,935 | D |
| Restricted Stock UnitsF1,F3 | — | Mar 15, 2017 | M | 93,197 | D | — | — | Common Stock | 93,197 | 6,803 | D |
| Restricted Stock UnitsF1,F3 | — | Mar 15, 2017 | D | 6,803 | D | — | — | Common Stock | 6,803 | 0 | D |
| Employee Stock Option (Right to Buy)F3 | $23.56 | Mar 15, 2017 | D | 6,803 | D | — | — | Common Stock | 6,803 | 93,197 | D |
| Restricted Stock UnitsF1,F4 | — | Mar 15, 2016 | D | 100,000 | D | — | — | Common Stock | 100,000 | 0 | D |
| Employee Stock Option (Right to Buy)F4 | $23.35 | Mar 15, 2016 | D | 100,000 | D | — | — | Common Stock | 100,000 | 0 | D |
Explanation of responses
- F1The restricted stock units (RSUs) convert into common stock of Tutor Perini Corporation on a 1-for-1 basis upon vesting.
- F2On 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.
- F3On 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.
- F4On 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.
- F5The 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.