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 OF SECURITIES 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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(Print or Type Responses)

1. Name and Address of Reporting Person * MILES RAYMOND EDWARD   2. Issuer Name and Ticker or Trading Symbol GRANITE CONSTRUCTION INC [GVA] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 585 W. BEACH STREET 3. Date of Earliest Transaction (Month/Day/Year) 03/31/2006 (Street) WATSONVILLE, CA 95076 4. If Amendment, Date Original Filed(Month/Day/Year) 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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 03/31/2006   A   398 A $ 26.33 398 D   Common Stock 03/31/2006   A   1.52 (1) A $ 26.27 399.52 D   Common Stock 03/31/2006   A   347 A $ 26.78 746.52 D   Common Stock 03/31/2006   A   2.66 (1) A $ 28.1 749.18 D   Common Stock 03/31/2006   A   268 A $ 36.59 1,017.18 D   Common Stock 03/31/2006   A   2.66 (1) A $ 38.24 1,019.84 D   Common Stock 03/31/2006   A   263 A $ 36.26 1,282.84 D   Common Stock 03/31/2006   A   3.57 (1) A $ 35.91 1,286.41 D   Common Stock 03/31/2006   A   223 (2) A $ 47.99 1,509.41 D   Common Stock 03/31/2006   A   3.1 (3) A $ 48.68 1,512.51 D   Common Stock               2,250 (4) I by Trust

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

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 (Month/Day/Year)

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

Option (Right to Buy)

$ 13.165

03/31/2006

D

796

03/31/2005

03/31/2015

Common Stock

796

$ 24.43 (4)

13,110

D

Option (Right to Buy)

$ 13.39

03/31/2006

D

695

06/30/2005

06/30/2015

Common Stock

695

$ 24.49 (5)

12,415

D

Option (Right to Buy)

$ 18.295

03/31/2006

D

535

09/30/2005

09/30/2015

Common Stock

535

$ 24.63 (6)

11,880

D

Option (Right to Buy)

$ 18.13

03/31/2006

D

527

12/30/2005

12/30/2015

Common Stock

527

$ 24.62 (7)

11,353

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
MILES RAYMOND EDWARD 585 W. BEACH STREET WATSONVILLE, CA 95076	X

Signatures

Michael Futch, Secretary, for Raymond E. Miles		04/03/2006
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Dividends on Stock Units.
(2)	Stock Units granted pursuant to the Granite Construction Incorporated Amended and Restated 1999 Equity Incentive Plan.
(3)	Dividends on Stock Units granted pursuant to the Granite Construction Incorporated Amended and Restated 1999 Equity Incentive Plan.
(4)	The option was cancelled by mutual agreement of the reporting person and Granite Construction Incorporated. The reporting person received a Stock Unit Award representing a right to receive 399.52 shares of common stock.
(5)	The option was cancelled by mutual agreement of the reporting person and Granite Construction Incorporated. The reporting person received a Stock Unit Award representing a right to receive 349.66 shares of common stock.
(6)	The option was cancelled by mutual agreement of the reporting person and Granite Construction Incorporated. The reporting person received a Stock Unit Award representing a right to receive 270.66 shares of common stock.
(7)	The option was cancelled by mutual agreement of the reporting person and Granite Construction Incorporated. The reporting person received a Stock Unit Award representing a right to receive 266.57 shares of common stock.

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