EASTGROUP PROPERTIES INC — Director's Dealing 2003

Sep 17, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTGROUP PROPERTIES INC (EGP)
CIK: 0000049600
Period of Report: 2003-09-16

Reporting Person: MCKEY N KEITH (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-16	Common Stock	M	2900	$22.00	Acquired	93174	Direct
2003-09-16	Common Stock	M	8093	$20.375	Acquired	101267	Direct
2003-09-16	Common Stock	S	900	$28.35	Disposed	100367	Direct
2003-09-16	Common Stock	S	300	$28.37	Disposed	100067	Direct
2003-09-16	Common Stock	S	200	$28.39	Disposed	99867	Direct
2003-09-16	Common Stock	S	700	$28.41	Disposed	99167	Direct
2003-09-16	Common Stock	S	100	$28.42	Disposed	99067	Direct
2003-09-16	Common Stock	S	2693	$28.43	Disposed	96374	Direct
2003-09-16	Common Stock	S	100	$28.48	Disposed	96274	Direct
2003-09-16	Common Stock	S	2100	$28.50	Disposed	94174	Direct
2003-09-16	Common Stock	S	300	$28.51	Disposed	93874	Direct
2003-09-16	Common Stock	S	600	$28.52	Disposed	93274	Direct
2003-09-16	Common Stock	S	1000	$28.53	Disposed	92274	Direct
2003-09-16	Common Stock	S	1600	$28.54	Disposed	90674	Direct
2003-09-16	Common Stock	S	400	$28.55	Disposed	90274	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-16	Stock Options	$22.00	M	2900	Disposed	2007-10-08	Common Stock (2900)	Direct
2003-09-16	Stock Options	$20.375	M	8093	Disposed	2009-06-22	Common Stock (8093)	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.