EASTGROUP PROPERTIES INC — Director's Dealing 2004

Mar 10, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTGROUP PROPERTIES INC (EGP)
CIK: 0000049600
Period of Report: 2004-03-09

Reporting Person: PETSAS WILLIAM D (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-09	Common Stock	M	4000	$20.688	Acquired	27000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-09	Stock Options	$20.688	M	4000	Disposed	2010-04-16	Common Stock (4000)	Direct

Footnotes

F1: Includes 15,000 shares granted as incentive restricted shares under the Company's 1994 Management Incentive Plan, as amended.

F2: Exercisable 1/2 on the first anniversary of the date of grant and 1/2 on the second anniversary of the date of grant.