SEC Form 4 · accession 0001140361-18-014165
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, 2018
Accepted (ET)
Mar 19, 2018 · 8:20 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, 2018 | M | 126,006 | — | A | 126,006 | D | |
| Common Stock | Mar 15, 2018 | F | 62,525 | $22.40 | D | 63,481 | D | |
| Common Stock | Mar 15, 2018 | G | 63,481 | $0.00 | D | 0 | D | |
| Common Stock | Mar 15, 2018 | G | 63,481 | $0.00 | A | 5,811,601 | 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, 2018 | M | 126,006 | D | — | — | Common Stock | 126,006 | 23,994 | D |
| Restricted Stock UnitsF1,F2 | — | Mar 15, 2018 | D | 23,994 | D | — | — | Common Stock | 23,994 | 0 | D |
| Employee Stock Option (Right to Buy)F2 | $24.05 | Mar 15, 2018 | D | 23,994 | D | — | — | Common Stock | 23,994 | 126,006 | D |
| Restricted Stock UnitsF1,F3 | — | Mar 15, 2018 | D | 120,097 | D | — | — | Common Stock | 120,097 | 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 7, 2017, the reporting person was granted 150,000 RSUs and 150,000 stock options (SOs) vesting on March 15, 2018, based on the achievement of a performance target for fiscal year 2017; approximately 84% of the award was earned. The RSUs and SOs were previously voluntarily reported on Form 4.
- F3On December 22, 2014, the reporting person was granted 120,097 RSUs vesting on December 31, 2017, based on the achievement of a certain performance target as of December 31, 2017; no portion of these awards was earned. The RSUs were previously voluntarily reported on Form 4.