EASTGROUP PROPERTIES INC — Director's Dealing 2004

Mar 22, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTGROUP PROPERTIES INC (EGP)
CIK: 0000049600
Period of Report: 2004-03-22

Reporting Person: COLEMAN JOHN F (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-22	Common Stock	M	3000	$23.05	Acquired	21179	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-22	Stock Options	$23.05	M	3000	Disposed	2011-08-29	Common Stock (3000)	Direct

Footnotes

F1: Includes 15,000 shares granted as incentive restricted shares 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.