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: 2003-09-15

Reporting Person: MCKEY N KEITH (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-15	Common Stock	M	23100	$22.00	Acquired	113374	Direct
2003-09-15	Common Stock	S	500	$28.28	Disposed	112874	Direct
2003-09-15	Common Stock	S	2100	$28.29	Disposed	110774	Direct
2003-09-15	Common Stock	S	900	$28.30	Disposed	109874	Direct
2003-09-15	Common Stock	S	200	$28.32	Disposed	109674	Direct
2003-09-15	Common Stock	S	100	$28.33	Disposed	109574	Direct
2003-09-15	Common Stock	S	200	$28.35	Disposed	109374	Direct
2003-09-15	Common Stock	S	1200	$28.38	Disposed	108174	Direct
2003-09-15	Common Stock	S	600	$28.40	Disposed	107574	Direct
2003-09-15	Common Stock	S	200	$28.41	Disposed	107374	Direct
2003-09-15	Common Stock	S	300	$28.42	Disposed	107074	Direct
2003-09-15	Common Stock	S	400	$28.43	Disposed	106674	Direct
2003-09-15	Common Stock	S	300	$28.44	Disposed	106374	Direct
2003-09-15	Common Stock	S	400	$28.46	Disposed	105974	Direct
2003-09-15	Common Stock	S	100	$28.47	Disposed	105874	Direct
2003-09-15	Common Stock	S	900	$28.48	Disposed	104974	Direct
2003-09-15	Common Stock	S	500	$28.49	Disposed	104474	Direct
2003-09-15	Common Stock	S	4900	$28.50	Disposed	99574	Direct
2003-09-15	Common Stock	S	700	$28.51	Disposed	98874	Direct
2003-09-15	Common Stock	S	600	$28.52	Disposed	98274	Direct
2003-09-15	Common Stock	S	1300	$28.53	Disposed	96974	Direct
2003-09-15	Common Stock	S	3000	$28.54	Disposed	93974	Direct
2003-09-15	Common Stock	S	2100	$28.55	Disposed	91874	Direct
2003-09-15	Common Stock	S	100	$28.56	Disposed	91774	Direct
2003-09-15	Common Stock	S	500	$28.57	Disposed	91274	Direct
2003-09-15	Common Stock	S	900	$28.58	Disposed	90374	Direct
2003-09-15	Common Stock	S	100	$28.59	Disposed	90274	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-15	Stock Options	$22.00	M	23100	Disposed	2007-10-08	Common Stock (23100)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4897	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$20.375	2009-06-22	Common Stock (17907)	17907	Direct

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.