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EASTGROUP PROPERTIES INC Director's Dealing 2008

Mar 10, 2008

30666_dirs_2008-03-10_986efcac-1c82-47ce-8cae-6300e109a7b3.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: MCKEY N KEITH (Executive Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-03-06 Common Stock A 6276 Acquired 97762 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 6288 Indirect

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: As of the date hereof, the Reporting Person's direct beneficial ownership includes 12,000 restricted shares granted under the Company's 1994 Management Incentive Plan, as amended, and 15,023 restricted shares granted under the Company's 2004 Equity Incentive Plan, as amended, that have not yet vested.