X0303 4 2010-11-30 0000861459 GRANITE CONSTRUCTION INC GVA 0001185114 WATTS DAVID HENDERSON 585 WEST BEACH STREET WATSONVILLE CA 95076 1 0 0 0 Common Stock 2010-07-15 5 A 0 23.8478 23.58 A 11161.0627 D Common Stock 2010-10-15 5 A 0 24.865 22.74 A 11185.9277 D Common Stock 2010-11-30 5 A 0 6184 25.37 A 17369.9277 D Common Stock 2010-11-30 4 F 0 1546 25.37 D 15823.9277 D Common Stock 223 I by ESOP Performance Units [Right to Receive] 0 2010-07-15 5 A 0 304.9757 0 A Common Stock 304.9757 55341.3595 D Performance Units (Right to Receive] 0 2010-10-15 5 A 0 314.8147 0 A Common Stock 314.8147 55656.1742 D Performance Units (Right to Receive) 0 2010-11-30 4 D 0 6184 0 D Common Stock 6184 49472.1742 D Dividends on stock units granted pursuant to the Granite Construction Incorporated Amended and Restated 1999 Equity Incentive Plan. Includes 4,349.4727 stock units and dividend shares on stock units. Includes 4,374.3377 stock units and dividend shares on stock units. This distribution represents the second of 10 installments of performance-based compensation and accrued dividends. The deferred performance-based compensation is paid in shares of common stock issued under the Granite Construction Incorporated Amended and Restated 1999 Equity Incentive Plan. Shares accrue dividends, payable upon distribution of shares of common stock. Mr. Watts elected to receive the shares annually in 10 equal installments. Shares surrendered for taxes upon stock distribution. Previously reported. Dividends on performance-based compensation. 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. No expiration date. Terry K. Eller, Attorney-in-Fact, for David H. Watts 2010-12-02