EASTGROUP PROPERTIES INC — Director's Dealing 2008

Mar 28, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTGROUP PROPERTIES INC (EGP)
CIK: 0000049600
Period of Report: 2007-12-24

Reporting Person: WOOD BRENT (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-24	Common Stock	G	500	—	Disposed	28328	Direct

Footnotes

F1: Bona fide gift of securities. This transaction was not previously reported and the Reporting Person's holdings as reported herein include the effect of other transactions that occurred after the date of the gift that were previously reported on Forms 4 filed with the SEC on January 3, 2008 and March 10, 2008.

F2: As of the date hereof, the Reporting Person's direct beneficial ownership includes 2,000 restricted shares granted under the Company's 1994 Management Incentive Plan, as amended, and 8,463 restricted shares granted under the Company's 2004 Equity Incentive Plan, as amended, that have not yet vested.