COUSINS PROPERTIES INC — Director's Dealing 2007

Dec 14, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: BELL THOMAS D JR (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-12	Common Stock	P	17955	$23.2654	Acquired	17955	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	267693	Direct
Common Stock	2706	Indirect

Footnotes

F3: The purchase of 17,955 shares consisted of the following blocks:
$23.17 - 300 shares;
$23.18 - 100 shares;
$23.19 - 700 shares;
$23.20 - 1300 shares;
$23.21 - 300 shares;
$23.23 - 500 shares;
$23.24 - 1500 shares;
$23.25 - 1000 shares;
$23.26 - 3100 shares;
$23.28 - 3555 shares;
$23.29 - 2200 shares;
$23.31 - 1300 shares;
$23.32 - 2100 shares.

F1: Includes 33,873 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.

F4: Shares held by The Jennifer and Thomas Bell Family Foundation for which the reporting person and the reporting person's wife serve as co-trustees.

F2: Shares held by the reporting person as beneficiary in the Company's Profit Sharing Plan.