FORM 5 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Form 3 Holdings Reported Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL 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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1. Name and Address of Reporting Person * PAULK GREG J 2. Issuer Name and Ticker or Trading Symbol MEADOW VALLEY CORP [MVCO] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 412 EAST GOWAN ROAD 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year) 12/31/2001 (Street) NORTH LAS VEGAS, NV 89032 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Reporting (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 at end of Issuer's Fiscal Year (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Amount (A) or (D) Price Common Stock, par value $0.001 01/10/2001   P4(1) 25,000 A $ 3.25 382,500 D   Common Stock, par value $0.001 01/11/2001   J(2) 382,600 (3) D $ (1) 382,500 D Â

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SEC 2270 (9-02)

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 at End of Issuer's Fiscal Year (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
PAULK GREG J 412 EAST GOWAN ROAD NORTH LAS VEGAS, NV 89032	Â	  X	Â	Â

Signatures

/s/ Greg J. Paulk Individually and as managing member of P2SA Equity LLC		03/03/2005
**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)	This transaction should have been reported on a Form 4.
(2)	All shares transferred as capital contribution to the P2SA Equity LLC ("P2SA") for no monetary consideration. Shares were contributed by the following: Greg Jesse Paulk Trust, Dated 1/23/1998: 332,415 Ryan Joey Paulk Trust, Dated 10/22/1997: 15,895 Brady Stevens Trust, Dated 10/22/1997: 15,895 Robert Andrews: 18,395 As a result of the contribution, these persons acquired membership interests in P2SA in proportion to shares contributed. Greg J. Paulk is the trustee of the Greg Jesse Paulk Trust, Dated 1/23/1998, the managing member of P2SA, and has sole voting and dispositive control of the shares held by P2SA. Mr. Paulk disclaims ownership of shares held by P2SA except to the extent of the beneficial ownership of the Greg Jesse Paulk Trust, Dated 1/23/1998.
(3)	D/A

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