Sec Form 4 Filing - BERNHARD JAMES M JR @ SHAW GROUP INC - 2012-12-28

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 BERNHARD JAMES M JR 2. Issuer Name and Ticker or Trading Symbol SHAW GROUP INC [ SHAW] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chairman, CEO and President (Last) (First) (Middle) 4171 ESSEN LANE 3. Date of Earliest Transaction (MM/DD/YY) 12/28/2012 (Street) BATON ROUGE, LA70809 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 12/28/2012 S 1,000 D $ 46.3595 620,945 D Common Stock 12/28/2012 S 850 D $ 46.3597 620,095 D Common Stock 12/28/2012 S 108,413 D $ 46.36 511,682 D Common Stock 12/28/2012 S 600 D $ 46.3604 511,082 D Common Stock 12/28/2012 S 1,300 D $ 46.3604 509,782 D Common Stock 12/28/2012 S 210 D $ 46.3605 509,572 D Common Stock 12/28/2012 S 1,800 D $ 46.3606 507,772 D Common Stock 12/28/2012 S 700 D $ 46.3607 507,072 D Common Stock 12/28/2012 S 500 D $ 46.361 506,572 D Common Stock 12/28/2012 S 1,600 D $ 46.3613 504,972 D Common Stock 12/28/2012 S 304 D $ 46.3616 504,668 D Common Stock 12/28/2012 S 600 D $ 46.3617 504,068 D Common Stock 12/28/2012 S 1,021 D $ 46.362 503,047 D Common Stock 12/28/2012 S 1,600 D $ 46.3625 501,447 D Common Stock 12/28/2012 S 700 D $ 46.3629 500,747 D Common Stock 12/28/2012 S 800 D $ 46.3638 499,947 D Common Stock 12/28/2012 S 300 D $ 46.365 499,647 D Common Stock 12/28/2012 S 142,829 D $ 46.37 356,818 D Common Stock 12/28/2012 S 1,600 D $ 46.3703 355,218 D Common Stock 12/28/2012 S 1,593 D $ 46.3703 353,625 D Common Stock 12/28/2012 S 1,500 D $ 46.3703 352,125 D Common Stock 12/28/2012 S 1,476 D $ 46.3703 350,649 D Common Stock 12/28/2012 S 1,300 D $ 46.3704 349,349 D Common Stock 12/28/2012 S 1,126 D $ 46.3704 348,223 D Common Stock 12/28/2012 S 1,000 D $ 46.3705 347,223 D Common Stock 12/28/2012 S 1,300 D $ 46.3708 345,923 D Common Stock 12/28/2012 S 500 D $ 46.371 345,423 D Common Stock 12/28/2012 S 400 D $ 46.3713 345,023 D Common Stock 12/28/2012 S 1,300 D $ 46.3715 343,723 D Common Stock 12/28/2012 S 1,300 D $ 46.372 342,423 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 Employee Stock Option (Right to Buy) $ 67.19 01/01/2009( 1 ) 12/07/2017 Common Stock 72,130 72,130 D Employee Stock Option (Right to Buy) $ 17.89 01/01/2010( 2 ) 10/31/2018 Common Stock 56,718 56,718 D Employee Stock Option (Right to Buy) $ 27.79 01/01/2011( 2 ) 10/29/2019 Common Stock 73,713 73,713 D Employee Stock Option (Right to Buy) $ 30.56 01/01/2012( 2 ) 10/29/2020 Common Stock 121,470 121,470 D Restricted Stock Units ( 3 ) $ 0 01/01/2010( 2 ) ( 4 ) Common Stock 34,568 34,568 D Restricted Stock Units ( 3 ) $ 0 01/01/2011( 2 ) ( 4 ) Common Stock 44,507 44,507 D Restricted Stock Units ( 3 ) $ 0 01/01/2012( 2 ) ( 4 ) Common Stock 60,709 60,709 D Restricted Stock Units ( 3 ) $ 0 11/01/2012( 5 ) ( 4 ) Common Stock 67,384 67,384 D Restricted Stock Units ( 3 ) $ 0 10/22/2013( 6 ) ( 4 ) Common Stock 55,914 55,914 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other BERNHARD JAMES M JR 4171 ESSEN LANE BATON ROUGE, LA70809 X Chairman, CEO and President Signatures /s/ J. M. Bernhard, Jr., pursuant to a Power of Attorney 12/31/2012 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The options vest in four (4) equal annual installments beginning on the date indicated in this column. ( 2 )The restricted stock units (RSUs) vest in four (4) equal annual installments beginning on the date indicated in this column. ( 3 )Each restricted stock unit represents a contingent right to receive, at the Issuer's discretion, either one share of the Issuer's no par value common stock or a cash payment equal to the fair market value per share of the Issuer's no par value common stock on the vesting date multiplied by the number of restricted stock units that become vested on the vesting date. ( 4 )The restricted stock units do not have an expiration date. ( 5 )The restricted stock units vest in three (3) annual installments commencing on November 1, 2012, with 33% vesting on November 1, 2012 and November 1, 2013, and 34% vesting on November 1, 2014. ( 6 )The restricted stock units (RSUs) vest in three (3) equal annual installments beginning on the date indicated in this column.

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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