COUSINS PROPERTIES INC — Director's Dealing 2010

Mar 17, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COUSINS PROPERTIES INC (CUZ)
CIK: 0000025232
Period of Report: 2010-03-15

Reporting Person: COUSINS THOMAS G (Chairman Emeritus)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-28	Common Stock	G	652	—	Disposed	7553126	Direct
2010-03-15	Common Stock	A	57248	$7.30	Acquired	7610374	Direct
2010-03-15	Common Stock	A	1702	$7.30	Acquired	226438	Indirect
2010-03-15	Common Stock	A	3204	$7.30	Acquired	426099	Indirect
2010-03-15	Common Stock	A	5501	$7.30	Acquired	731710	Indirect

Footnotes

F1: Shares of common stock acquired as a result of the elective stock dividend paid on March 15, 2010. Shareholders elected, pursuant to the terms of the Prospectus Supplement filed February 9, 2010 ("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 $0.055337 of the $0.09 dividend in stock. The value of the shares distributed is $7.30 per share which were valued at the average closing price on March 3, 4, and 5, 2010 pursuant to the terms of the Supplement.

F2: Shares held by a limited partnership in which the partners are a limited liability company and a charitable lead annuity trust. The LLC members include the reporting person, the reporting person's wife and the reporting person's daughter. The reporting person disclaims beneficial interest in any shares to the extent he has no pecuniary interest.

F3: Shares held by grantor trust.

F4: Shares held by the reporting person's wife. Reporting person disclaims all beneficial ownership of his wife's shares.