COUSINS PROPERTIES INC — Director's Dealing 2007

Mar 19, 2007

SEC Form 4/A — Form 4/A

Issuer: COUSINS PROPERTIES INC (CUZ)
CIK: 0000025232
Period of Report: 2006-11-17

Reporting Person: MURPHY JOEL T (SVP-President Retail Division)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-17	Common Stock	F	5256	$37.47	Disposed	43333	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5497	Indirect

Footnotes

F1: In payment of the exercise price, the reporting person delivered 5,256 shares.

F3: Represents the shares held in the Company's Profit Sharing Plan in a self-directed account.

F2: Includes 17,441 shares of restricted stock awarded under the 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.