Tutor Perini (TPC) Form 4 TUTOR PERINI / RONALD N TUTOR ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

TUTOR RONALD N

(Last) (First) (Middle)

C/O TUTOR PERINI CORPORATION

15901 OLDEN STREET

(Street)

SYLMAR CA 91342

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TUTOR PERINI CORP [ TPC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
Chairman & CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/18/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/18/2021		M		18,750	A	(1)	18,750	D
Common Stock	01/18/2021		F		9,296	D	$16.21	9,454	D
Common Stock	01/18/2021		D(1)		9,454	D	$16.21	0	D
Common Stock								1,648,305	I	By Tutor Marital Property Trust
Common Stock								4,832,841	I	By Ronald N. Tutor Separate Property Trust
Common Stock								1,533,255	I	By Ronald N. Tutor 2009 Dynasty Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	01/18/2021		M			18,750	(1)	(1)	Common Stock	18,750	$0	0	D
Employee Stock Option (Right to Buy)	$25.7	01/18/2021		A		18,750(2)		01/18/2021(2)	01/05/2028	Common Stock	18,750	$0	18,750	D
Employee Stock Option (Right to Buy)	$25.7	01/18/2021		G	V		18,750(3)	01/18/2021	01/05/2028	Common Stock	18,750	$0	0(3)	D
Employee Stock Option (Right to Buy)	$25.7	01/18/2021		G	V	18,750(3)		01/18/2021	01/05/2028	Common Stock	18,750	$0	274,432(3)(4)	I	By Tutor Marital Property Trust

Explanation of Responses:

1. On January 5, 2018, the reporting person was granted 75,000 restricted stock units (RSUs) (target amount) vesting upon the achievement of a performance target for the period from January 1, 2019 to December 31, 2020 and Board approval; 25% of the award was earned. Each RSU represents a contingent right to receive one share of common stock of Tutor Perini Corporation. The RSUs may be settled in either common stock or cash (or a combination thereof) at the discretion of Tutor Perini Corporation. The RSUs reported in this Form 4 were settled in cash.

2. On January 5, 2018, the reporting person was granted 75,000 stock options (SOs) (target amount) vesting upon the achievement of a performance target for the period from January 1, 2019 to December 31, 2020 and Board approval; 25% of the award was earned.

3. The reporting person transferred SOs to the Tutor Marital Property Trust, of which the reporting person and his wife are beneficiaries.

4. Includes 225,000 SOs that the reporting person transferred to the Tutor Marital Property Trust on December 14, 2018, as reported on Form 5 on February 1, 2019, as well as 30,682 SOs transferred to the Tutor Marital Property Trust on January 18, 2020, as reported on Form 4 on January 22, 2020.

	/s/ Anthony C. Fiore, Attorney-in-Fact	01/20/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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