COUSINS PROPERTIES INC — Director's Dealing 2007

Nov 29, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COUSINS PROPERTIES INC (CUZ)
CIK: 0000025232
Period of Report: 2007-11-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-11-27	Common Stock	P	32925	$22.7859	Acquired	250145	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2706	Indirect

Footnotes

F2: Includes 34,550 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 32,925 shares consisted of the following blocks:
$22.55 - 150 shares;
$22.67 - 1075 shares;
$22.68 - 1000 shares;
$22.69 - 1500 shares;
$22.70 - 1500 shares;
$22.71 - 1800 shares;
$22.72 - 2000 shares;
$22.73 - 1200 shares;
$22.74 - 1000 shares;
$22.75 - 1000 shares;
$22.76 - 1000 shares;
$22.77 - 1000 shares;
$22.78 - 1100 shares;
$22.79 - 1100 shares;
$22.80 - 1100 shares;
$22.84 - 400 shares;
$22.85 - 15000 shares.

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