COUSINS PROPERTIES INC — Director's Dealing 2007

Dec 21, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COUSINS PROPERTIES INC (CUZ)
CIK: 0000025232
Period of Report: 2007-12-19

Reporting Person: DUPREE DANIEL M (President,Chief Operating Off.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-19	Common Stock	P	10000	$22.3464	Acquired	83211	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10664	Indirect

Footnotes

F2: Includes 19,217 shares of restricted stock awarded under the Cousins Properties Incorporated (CPI) 1999 Incentive Stock Plan. These shares will vest 25% per year on each anniversary date of the grant, and CPI will hold these shares until such shares become vested. While the shares are being held prior to vesting, the reporting person will have the right to receive all cash dividends and to vote the restricted shares. All unvested shares will forfeit upon termination of employment.

F1: The purchase of 10,000 shares consisted of the following blocks:
$22.26 - 719 shares;
$22.27 - 100 shares;
$22.28 - 281 shares;
$22.29 - 300 shares;
$22.30 - 600 shares;
$22.31 - 100 shares;
$22.32 - 84 shares;
$22.33 - 1729 shares;
$22.34 - 1100 shares;
$22.35 - 200 shares;
$22.36 - 1500 shares;
$22.37 - 100 shares;
$22.38 - 700 shares;
$22.39 - 587 shares;
$22.40 - 1900 shares.

F3: Shares held by the reporting person as beneficiary in the Company's Profit Sharing Plan.