Sec Form 4 Filing - Donnino Michael Francis @ GRANITE CONSTRUCTION INC - 2016-03-13

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Donnino Michael Francis
2. Issuer Name and Ticker or Trading Symbol
GRANITE CONSTRUCTION INC [ GVA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Senior Vice President
(Last) (First) (Middle)
585 W. BEACH ST.
3. Date of Earliest Transaction (MM/DD/YY)
03/13/2016
(Street)
WATSONVILLE, CA95076
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 03/13/2016 F 855 ( 1 ) D $ 43.09 71,743 D
Common Stock 03/14/2016 A 9,469 ( 2 ) A $ 35.19 81,212 D
Common Stock 03/14/2016 S 4,003 D $ 43.1958 ( 3 ) 77,209 D
Common Stock 03/14/2016 F 490 ( 4 ) D $ 43.12 77,102 D
Common Stock 03/14/2016 F 607 ( 5 ) D $ 43.12 76,495 D
Common Stock 03/14/2016 A 4,638 ( 6 ) A $ 43.12 81,133 ( 7 ) D
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Donnino Michael Francis
585 W. BEACH ST.
WATSONVILLE, CA95076
Senior Vice President
Signatures
Nancy Valek-Corbett, Attorney-In-Fact for Michael Francis Donnino 03/15/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Shares surrendered for taxes due to vesting on March 13, 2016 (initial grant date 3/13/15).
( 2 )Stock units granted pursuant to the Granite Construction Incorporated 2012 Equity Incentive Plan (the "Plan"). The stock units vest 100% ten days after the date of grant.
( 3 )The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices. The price reported represents the weighted average price. The Reporting Person undertakes to provide the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold at each separate price within the range.
( 4 )Shares surrendered for taxes due to vesting on March 14, 2016 (initial grant date 3/14/14).
( 5 )Shares surrendered for taxes due to vesting on March 14, 2016 (initial grant date 3/14/13).
( 6 )Stock units granted pursuant to the Granite Construction Incorporated 2012 Equity Incentive Plan (the "Plan"). The stock units vest in three equal annual installments on the first, second and third anniversaries of the Grant Date.
( 7 )Total adjusted to include dividend equivalent units (383 DEUs) credited to the reporting person under the dividend reinvestment feature of the Plan since the Reporting Person's last report.

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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