XNYS:SHAW Insider Activity 4 Filing - 1/18/2012

Effective Date 1/18/2012

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 *
MCALISTER ALBERT
  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
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
4171 ESSEN LANE
3. Date of Earliest Transaction (Month/Day/Year)
01/18/2012
(Street)

BATON ROUGE, LA 70809
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 01/18/2012   M   472 A $ 0 3,571(1) D  
Common Stock               2,500 I By Gayle McAlister(2)
Common Stock               3,000 I By A. Dial McAlister Limited Partnership(3)
Common Stock               27,764 I By Camille McAlister Trust(4)
Common Stock               7,900 I By Albert McAlister 2001 Charitable Remainder Unitrust(5)
Common Stock               5,000 I By Albert McAlister 2008 Charitable Remainder Unitrust(5)
Common Stock               92,169 I By Albert McAlister Revocable Trust(5)

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
Stock Option (Right to Buy) $20.46             01/25/2003 01/25/2012 Common Stock 0   0 D  
Stock Option (Right to Buy) $13.94             01/24/2004 01/24/2013 Common Stock 1,500   1,500 D  
Stock Option (Right to Buy) $11.54             02/02/2005 02/02/2014 Common Stock 1,500   1,500 D  
Stock Option (Right to Buy) $16.11             01/24/2006 01/24/2015 Common Stock 1,500   1,500 D  
Stock Option (Right to Buy) $35.1             01/27/2006 01/27/2016 Common Stock 828   828 D  
Stock Option (Right to Buy) $35.1             01/27/2007 01/27/2016 Common Stock 1,069   1,069 D  
Stock Option (Right to Buy) $33.83             01/30/2008 01/30/2017 Common Stock 1,109   1,109 D  
Stock Option (Right to Buy) $55.57             01/29/2009 01/29/2018 Common Stock 1,922   1,922 D  
Stock Option (Right to Buy) $29.39             01/28/2010 01/28/2019 Common Stock 2,405   2,405 D  
Stock Option (Right to Buy) $30.17             01/27/2011 01/27/2020 Common Stock 2,094   2,094 D  
Stock Option (Right to Buy) $38.59             01/18/2012(6) 01/18/2021 Common Stock 2,060   2,060 D  
Restricted Stock Units(7) $ 0             01/29/2009(8)   (9) Common Stock 0   0 D  
Restricted Stock Units(7) $ 0             01/28/2010(8)   (9) Common Stock 502   502 D  
Restricted Stock Units(7) $ 0             01/27/2011(8)   (9) Common Stock 978   978 D  
Restricted Stock Units(7) $ 0 01/18/2012   M     472 01/18/2012(8)   (9) Common Stock 472 $ 0 944 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MCALISTER ALBERT
4171 ESSEN LANE
BATON ROUGE, LA 70809
  X      

Signatures

 /s/ Albert D. McAlister, pursuant to a Power of Attorney previously filed.   01/20/2012
** 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) After an internal reconciliation of the Reporting Person's holdings, it was determined that 3,099 shares were previously inadvertently omitted from his direct holdings. As such shares continue to be held by the Reporting Person, they have been added back to his direct holdings in this filing.
(2) Gayle McAlister (formerly Brown) is spouse of reporting person.
(3) A. Dial McAlister is Reporting Person's son.
(4) Reporting Person is a Co-Trustee of the Camille McAlister Trust.
(5) Reporting Person is Trustee.
(6) The options vest in three (3) equal annual installments beginning on the date indicated in this column.
(7) 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 or a combination of both.
(8) The restricted stock units vest in three (3) equal annual installments beginning on the date indicated in this column.
(9) The restricted stock units do not have an expiration date.

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XNYS:SHAW Insider Activity 4 Filling

XNYS:SHAW Stock - Get Insider Activity SEC Filing of XNYS:SHAW stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XNYS:SHAW Insider Activity 4 Filing - 1/18/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Popularity |  Our Choices |  Most Recent Title |  Date |  Company |  Symbol |  Interest |  Popularity

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