WATTS DAVID HENDERSON 4

4 · GRANITE CONSTRUCTION INC · Filed Dec 2, 2009

Form 4

Period: 2009-11-30

Director

Transactions

Award
Common Stock
2009-11-30$29.97/sh+6,067.45$181,841→ 9,834.753 total
Award
Performance Units (Right to Receive]
2009-11-20+1,435.185→ 60,674.508 total
Exercise: $0.00→ Common Stock (1,435.185 underlying)
Disposition to Issuer
Performance Units [Right to Receive]
2009-11-20−6,067.45→ 54,607.058 total
Exercise: $29.97→ Common Stock (6,067.45 underlying)
Tax Payment
Common Stock
2009-11-30$29.97/sh−1,516.86$45,460→ 8,317.893 total
Award
Performance Units [Right to Receive]
2008-03-31+59,239.323→ 59,239.323 total
Exercise: $0.00→ Common Stock (59,239.323 underlying)

Holdings

Footnotes (8)

[F1]This distribution represents the first of 10 installments of performance-based compensation and accrued dividends (refer to Footnote 5).
[F2]Includes 1,500 Stock Units.
[F3]Shares surrendered for taxes on stock distribution.
[F4]Previously reported.
[F5]Acquisition of deferred performance-based compensation in stock pursuant to the Granite Construction Incorporated Amended and Restated 1999 Equity Incentive Plan. Shares accrue dividends, payable upon distribution of stock. Mr. Watts elected to receive the shares annually in 10 equal installments.
[F6]Each performance right represents a right to receive one share of common stock. The performance rights vested upon acquisition; however, because Mr. Watts chose to defer payment, the stock became payable upon retirement.
[F7]No expiration date.
[F8]Dividends accrued between March 31, 2008 and November 30, 2009 on performance-based compensation.

Documents

1 file