X0202 4 2006-11-01 0 0000934749 MEADOW VALLEY CORP MVCO 0001215817 COWAN CHARLES E 4411 SOUTH 40TH STREET PHOENIX AZ 85040 1 0 0 0 Exercise options to purchase common stock 2006-11-01 2006-11-01 4 M 0 7500 4.375 A 7500 D Sale of common stock 2006-11-01 2006-11-01 4 S 0 100 9.94 D 7400 D Sale of common stock 2006-11-01 2006-11-01 4 S 0 100 9.98 D 7300 D Sale of common stock 2006-11-01 2006-11-01 4 S 0 700 10.00 D 6600 D Sale of common stock 2006-11-01 2006-11-01 4 S 0 400 10.01 D 6200 D Sale of common stock 2006-11-01 2006-11-01 4 S 0 200 10.02 D 6000 D Sale of common stock 2006-11-01 2006-11-01 4 S 0 600 10.05 D 5400 D Sale of common stock 2006-11-01 2006-11-01 4 S 0 400 10.06 D 5000 D Sale of common stock 2006-11-01 2006-11-01 4 S 0 100 10.09 D 4900 D Sale of common stock 2006-11-01 2006-11-01 4 S 0 200 10.12 D 4700 D Sale of common stock 2006-11-01 2006-11-01 4 S 0 1100 10.13 D 3600 D Sale of common stock 2006-11-01 2006-11-01 4 S 0 1500 10.14 D 2100 D Sale of common stock 2006-11-01 2006-11-01 4 S 0 498 10.15 D 1602 D Sale of common stock 2006-11-01 2006-11-01 4 S 0 302 10.16 D 1300 D Sale of common stock 2006-11-01 2006-11-01 4 S 0 100 10.21 D 1200 D Sale of common stock 2006-11-01 2006-11-01 4 S 0 104 10.23 D 1096 D Sale of common stock 2006-11-01 2006-11-01 4 S 0 296 10.24 D 800 D Sale of common stock 2006-11-01 2006-11-01 4 S 0 300 10.26 D 500 D Sale of common stock 2006-11-01 2006-11-01 4 S 0 111 10.27 D 389 D Sale of common stock 2006-11-01 2006-11-01 4 S 0 183 10.28 D 206 D Sale of common stock 2006-11-01 2006-11-01 4 S 0 106 10.29 D 100 D Sale of common stock 2006-11-01 2006-11-01 4 S 0 100 10.55 D 0 D Exercise of options 4.375 2006-11-01 2006-11-01 4 M 0 7500 0.00 D 2006-12-16 Common stock 7500 28500 D On December 16, 1996, reporting person was granted 7,500 options. The options vest in three equal installments of 2,500 options each on December 16, 1997, 1998 and 1999, respectively. /s/David D. Doty Attorney-in-fact 2006-11-03