EASTGROUP PROPERTIES INC — Director's Dealing 2003

Sep 18, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTGROUP PROPERTIES INC (EGP)
CIK: 0000049600
Period of Report: 2003-09-18

Reporting Person: MCKEY N KEITH (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-18	Common Stock	M	9814	$20.375	Acquired	100088	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-18	Stock Options	$20.375	M	9814	Disposed	2009-06-22	Common Stock (9814)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4897	Indirect

Footnotes

F1: Includes 30,000 incentive restricted shares granted under the Company's 1994 Management Incentive Plan, as amended.

F2: Becomes exercisable with respect to one-half the shares on the first anniversary of the date of grant and one-half on the second anniversary of the date of grant.