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COUSINS PROPERTIES INC Director's Dealing 2008

Nov 12, 2008

31058_dirs_2008-11-12_ff354150-4754-45cf-b522-430cee37d8f0.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COUSINS PROPERTIES INC (CUZ)
CIK: 0000025232
Period of Report: 2008-11-11

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-11-11 Common Stock P 16000 $12.4034 Acquired 285211 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 3625 Indirect
Common Stock 17955 Indirect

Footnotes

F1: Shares held by the reporting person as beneficiary in the Company's Profit Sharing Plan.

F2: 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.

F3: 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.