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EASTGROUP PROPERTIES INC Director's Dealing 2003

May 29, 2003

30666_dirs_2003-05-29_e579052c-5471-4dcd-8164-8ee51bc85534.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTGROUP PROPERTIES INC (EGP)
CIK: 0000049600
Period of Report: 2003-05-27

Reporting Person: FIVE ARROWS REALTY SECURITIES L L C (10% Owner)

Footnotes

F1: $.0001 par value per share ("Common Stock")

F2: Does not include 1,750,000 shares of Series B Cumulative Convertible Preferred Stock owned which have previously been disclosed and in relation to which there are no transactions to be reported.

F3: Each share of Series B Cumulative Convertible Preferred Stock is convertible at any time into 1.1364 shares of Common Stock.