EASTGROUP PROPERTIES INC — Director's Dealing 2004

Aug 4, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTGROUP PROPERTIES INC (EGP)
CIK: 0000049600
Period of Report: 2004-08-03

Reporting Person: SPEED LELAND R (Director, Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-08-03	Common Stock	M	65451	$12.67	Acquired	222942	Direct
2004-08-03	Common Stock	S	400	$32.60	Disposed	222542	Direct
2004-08-03	Common Stock	S	100	$32.65	Disposed	222442	Direct
2004-08-03	Common Stock	S	1300	$32.69	Disposed	221142	Direct
2004-08-03	Common Stock	S	4800	$32.70	Disposed	216342	Direct
2004-08-03	Common Stock	S	500	$32.72	Disposed	215842	Direct
2004-08-03	Common Stock	S	200	$32.75	Disposed	215642	Direct
2004-08-03	Common Stock	S	200	$32.79	Disposed	215442	Direct
2004-08-03	Common Stock	S	100	$32.80	Disposed	215342	Direct
2004-08-03	Common Stock	S	200	$32.81	Disposed	215142	Direct
2004-08-03	Common Stock	S	1200	$32.82	Disposed	213942	Direct
2004-08-03	Common Stock	S	800	$32.83	Disposed	213142	Direct
2004-08-03	Common Stock	S	1800	$32.84	Disposed	211342	Direct
2004-08-03	Common Stock	S	5100	$32.85	Disposed	206242	Direct
2004-08-03	Common Stock	S	600	$32.87	Disposed	205642	Direct
2004-08-03	Common Stock	S	300	$32.89	Disposed	205342	Direct
2004-08-04	Common Stock	S	1100	$32.40	Disposed	204242	Direct
2004-08-04	Common Stock	S	300	$32.41	Disposed	203942	Direct
2004-08-04	Common Stock	S	700	$32.43	Disposed	203242	Direct
2004-08-04	Common Stock	S	19200	$32.44	Disposed	184042	Direct
2004-08-04	Common Stock	S	300	$32.45	Disposed	183742	Direct
2004-08-04	Common Stock	S	400	$32.48	Disposed	183342	Direct
2004-08-04	Common Stock	S	300	$32.50	Disposed	183042	Direct
2004-08-04	Common Stock	S	100	$32.52	Disposed	182942	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-08-03	Stock Options	$12.67	M	65451	Disposed	2004-09-21	Common Stock (65451)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	27288	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$14.58	2006-06-18	Common Stock (37500)	37500	Direct
Stock Options	$17.92	2007-02-02	Common Stock (21000)	21000	Direct
Stock Options	$22.00	2007-10-08	Common Stock (26000)	26000	Direct
Stock Options	$20.375	2009-06-22	Common Stock (20000)	20000	Direct

Footnotes

F1: 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.