X0202 4 2007-01-05 0 0000934749 MEADOW VALLEY CORP MVCO 0001215817 COWAN CHARLES E 4602 E. THOMAS ROAD PHOENIX AZ 85018 1 0 0 0 Exercise of options to purchase common stock 2007-01-05 2007-01-05 4 M 0 2000 1.46 A 2000 D Common stock 2007-01-05 2007-01-05 4 S 0 200 10.35 D 1800 D Common stock 2007-01-05 2007-01-05 4 S 0 200 10.34 D 1600 D Common stock 2007-01-05 2007-01-05 4 S 0 300 10.31 D 1300 D Common stock 2007-01-05 2007-01-05 4 S 0 1300 10.30 D 0 D Exercise of options to purchase common stock 2007-01-08 2007-01-08 4 M 0 2000 1.46 A 2000 D Common stock 2007-01-08 2007-01-08 4 S 0 1543 10.343 D 457 D Common stock 2007-01-08 2007-01-08 4 S 0 457 10.34 D 0 D Exercise of options to purchase common stock 2007-01-09 2007-01-09 4 M 0 2000 1.46 A 2000 D Common stock 2007-01-09 2007-01-09 4 S 0 200 10.84 D 1800 D Common stock 2007-01-09 2007-01-09 4 S 0 300 10.80 D 1500 D Common stock 2007-01-09 2007-01-09 4 S 0 24 10.7418 D 1476 D Common stock 2007-01-09 2007-01-09 4 S 0 140 10.57 D 1336 D Common stock 2007-01-09 2007-01-09 4 S 0 99 10.56 D 1237 D Common stock 2007-01-09 2007-01-09 4 S 0 99 10.55 D 1138 D Common stock 2007-01-09 2007-01-09 4 S 0 400 10.54 D 738 D Common stock 2007-01-09 2007-01-09 4 S 0 99 10.53 D 639 D Common stock 2007-01-09 2007-01-09 4 S 0 395 10.51 D 244 D Common stock 2007-01-09 2007-01-09 4 S 0 244 10.50 D 0 D Exercise of options to purchase common stock 1.46 2007-01-05 2007-01-05 4 M 0 2000 1.46 D 2013-11-19 Common stock 2000 29000 D Exercise of options to purchase common stock 1.46 2007-01-08 2007-01-08 4 M 0 2000 1.46 D 2013-11-19 Common stock 2000 27000 D Exercise of options to purchase common stock 1.46 2007-01-09 2007-01-09 4 M 0 2000 1.46 D 2013-11-19 Common stock 2000 25000 D On November 19, 2003, reporting person was granted 15,000 options to purchase common stock. The options vest in three equal installments of 5,000 options each year on November 19, 2004, 2005 and 2006 respectively. /s/David D. Doty, Attorney-in-fact 2007-01-09