EASTGROUP PROPERTIES INC — Director's Dealing 2009

Aug 25, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTGROUP PROPERTIES INC (EGP)
CIK: 0000049600
Period of Report: 2009-08-21

Reporting Person: CORKERN BRUCE (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-08-21	Common Stock	S	5247	$37.84	Disposed	32068	Direct
2009-08-24	Common Stock	M	2000	$20.00	Acquired	34068	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-08-24	Stock Options	$20.00	M	2000	Disposed	2010-02-28	Common Stock (2000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1000	Indirect

Footnotes

F1: 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 12,011 restricted shares granted under the Company's 2004 Equity Incentive Plan, as amended, that have not yet vested.

F2: All of the options are currently exercisable.