COUSINS PROPERTIES INC — Director's Dealing 2009

Sep 16, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COUSINS PROPERTIES INC (CUZ)
CIK: 0000025232
Period of Report: 2009-09-16

Reporting Person: HARRISON WILLIAM B JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-09-16	Common Stock	A	184	$7.73	Acquired	9941	Direct

Footnotes

F1: Shares of common stock acquired as a result of the elective stock dividend paid on September 16, 2009. Shareholders elected, pursuant to the terms of the Prospectus Supplement filed August 12, 2009 ("Supplement"), to receive the dividend in all or partial stock. If all stock was elected, shareholders received their entire dividend in stock. If partial stock was elected, shareholders received approximately $0.099 of the $0.15 dividend in stock. The value of the shares distributed is $7.73 per share which were valued at the average closing price on September 1, 2 and 8, 2009 pursuant to the terms of the Supplement.

F2: Includes 607 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 as previously disclosed, 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 if the Director's service as a member of the CPI Board of Directors terminates, unless separation is due to death.