EASTGROUP PROPERTIES INC — Director's Dealing 2004

Mar 18, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTGROUP PROPERTIES INC (EGP)
CIK: 0000049600
Period of Report: 2004-03-16

Reporting Person: HOSTER DAVID H II (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-16	Common Stock	M	9814	$20.375	Acquired	156076	Direct
2004-03-17	Common Stock	A	2157	—	Acquired	158233	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-16	Stock Options	$20.375	M	9814	Disposed	2009-06-22	Common Stock (9814)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2430	Indirect
Common Stock	2250	Indirect
Common Stock	750	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$14.58	2006-06-18	Common Stock (17999)	17999	Direct
Stock Options	$17.92	2007-02-02	Common Stock (24420)	24420	Direct
Stock Options	$22.00	2007-10-08	Common Stock (54000)	54000	Direct

Footnotes

F1: Grant of Stock Bonus.

F2: Includes 42,000 incentive restricted shares granted under the Company's 1994 Management Incentive Plan, as amended.

F3: 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.