SEC Form 4 · accession 0001140361-17-012615
TUTOR PERINI CORP · TPC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald N Tutor
Officer — Chairman & CEO · Director · 10% Owner
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 | 142,402 | — | A | 142,402 | D | |
| Common Stock | Mar 15, 2017 | F | 59,737 | $31.50 | D | 82,665 | D | |
| Common StockF1 | Mar 15, 2017 | M | 150,000 | — | A | 232,665 | D | |
| Common Stock | Mar 15, 2017 | F | 62,925 | $31.50 | D | 169,740 | D | |
| Common Stock | Mar 15, 2017 | D | 19,740 | $31.50 | D | 150,000 | D | |
| Common Stock | Mar 15, 2017 | G | 150,000 | $0.00 | D | 0 | D | |
| Common Stock | Mar 15, 2017 | G | 150,000 | $0.00 | A | 5,948,120 | I | By Ronald N. Tutor Separate Property Trust |
| Common Stock | holding | — | — | — | 1,500,000 | I | By Tutor Marital Property Trust | |
| Common Stock | holding | — | — | — | 1,533,255 | I | By Ronald N. Tutor 2009 Dynasty Trust |
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 | 142,402 | D | — | — | Common Stock | 142,402 | 7,598 | D |
| Restricted Stock UnitsF1,F2 | — | Mar 15, 2017 | D | 7,598 | D | — | — | Common Stock | 7,598 | 0 | D |
| Employee Stock Option (Right to Buy)F2 | $28.17 | Mar 15, 2017 | D | 7,598 | D | — | — | Common Stock | 7,598 | 142,402 | D |
| Restricted Stock UnitsF1,F3 | — | Mar 15, 2017 | M | 150,000 | D | — | — | Common Stock | 150,000 | 0 | D |
| Restricted Stock UnitsF1,F4 | — | Mar 15, 2016 | D | 150,000 | D | — | — | Common Stock | 150,000 | 0 | D |
| Employee Stock Option (Right to Buy)F4 | $11.05 | Mar 15, 2016 | D | 150,000 | D | — | — | Common Stock | 150,000 | 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 150,000 RSUs and 150,000 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 150,000 RSUs and 150,000 SOs vesting on March 15, 2017, based on the achievement of a performance target for the year ending December 31, 2016. The RSUs and SOs were previously voluntarily reported on Form 4.
- F4On March 31, 2015, the reporting person was granted 150,000 RSUs and 150,000 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.