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Ownership Document |
Schema Version: X0306 |
Document Type: 4 |
Period of Report: 9/19/22 |
Not Subject to Section 16: 0 |
Issuer: |
| Issuer CIK: 77543 |
| Issuer Name: TUTOR PERINI CORP |
| Issuer Trading Symbol: TPC |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1750517 |
| | Owner Name: Hallgren Wendy Ann |
| Reporting Owner Address: |
| | Owner Street 1: C/O TUTOR PERINI CORPORATION |
| | Owner Street 2: 15901 OLDEN STREET |
| | Owner City: SYLMAR |
| | Owner State: CA |
| | Owner ZIP Code: 91342 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: EVP and General Counsel |
| | Other Text: |
Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 9/19/22 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 50,000 |
| | | Transaction Price Per Share: |
| Footnote ID: F1 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 50,000 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 9/19/22 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: F |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 26,325 |
| | | Transaction Price Per Share: |
| Value: 6.96 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 23,675 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Restricted Stock Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F1 |
| | Transaction Date: |
| | | Value: 9/19/22 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 50,000 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Exercise Date: |
| | | Footnote ID: F2 |
| | Expiration Date: |
| | | Footnote ID: F2 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 50,000 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 0 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Footnotes: |
| Footnote - F1: Each restricted stock unit (RSU) entitles the holder to one share of common stock of Tutor Perini Corporation and, if the stock price is less than $20.00 per share on the settlement date, a payment in cash or shares, at the option of Tutor Perini Corporation, of the difference between the stock price and $20.00. The difference between the stock price and $20.00 per share was settled in cash. |
| Footnote - F2: On September 19, 2019, the reporting person was granted 50,000 RSUs that vested on September 19, 2022, contingent upon the reporting person's continued employment through this date. |
Remarks: Exhibit List: Exhibit 24 - Power of Attorney |
Owner Signature: |
| Signature Name: /s/ Anthony C. Fiore, Attorney-in-Fact |
| Signature Date: 9/21/22 |