EASTGROUP PROPERTIES INC — Director's Dealing 2008

Mar 10, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTGROUP PROPERTIES INC (EGP)
CIK: 0000049600
Period of Report: 2008-03-06

Reporting Person: WOOD BRENT (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-03-06	Common Stock	A	4184	—	Acquired	29030	Direct
2008-03-06	Common Stock	F	192	$41.70	Disposed	28838	Direct

Footnotes

F1: Award of restricted shares as 2007 annual long-term incentive compensation pursuant to the Company's 2004 Equity Incentive Plan, as amended. These restricted shares vest one-fifth on the date of grant and one-fifth on each of January 1, 2009, 2010, 2011 and 2012.

F2: The Reporting Person elected to have the Company withhold shares to satisfy the Company's tax withholding obligation as permitted under the Company's 2004 Equity Incentive Plan, as amended.

F3: 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.