SEC Form 4 · accession 0001140361-18-014167
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, 2018
Accepted (ET)
Mar 19, 2018 · 8:21 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 | 84,004 | — | A | 610,331 | D | |
| Common Stock | Mar 15, 2018 | F | 33,055 | $22.40 | D | 577,276 | 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, 2018 | M | 84,004 | D | — | — | Common Stock | 84,004 | 15,996 | D |
| Restricted Stock UnitsF1,F2 | — | Mar 15, 2018 | D | 15,996 | D | — | — | Common Stock | 15,996 | 0 | D |
| Employee Stock Option (Right to Buy)F3,F2 | $23.56 | Mar 15, 2018 | D | 15,996 | D | — | — | Common Stock | 15,996 | 177,201 | 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 100,000 RSUs and 100,000 stock options (SOs) vesting on March 15, 2018, based on the achievement of a performance target for the year ending December 31, 2017; approximately 84% of the award was earned. The RSUs and SOs were previously voluntarily reported on Form 4.
- F3Includes 93,197 stock options that vested on March 15, 2017, upon the achievement of performance criteria for the year ended December 31, 2016 (as reported on Form 4 on March 17, 2017).