EASTGROUP PROPERTIES INC — Director's Dealing 2006

Aug 4, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTGROUP PROPERTIES INC (EGP)
CIK: 0000049600
Period of Report: 2006-07-28

Reporting Person: SPEED LELAND R (Director, Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-07-28	Common Stock	G	3000	—	Disposed	197731	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	27288	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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: The Reporting Person gifted 1,000 shares on July 28, 2006 and an additional 2,000 shares on July 31, 2006.

F2: 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.