EASTGROUP PROPERTIES INC — Director's Dealing 2009

May 29, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTGROUP PROPERTIES INC (EGP)
CIK: 0000049600
Period of Report: 2009-05-27

Reporting Person: McCormick Mary E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-02-18	Common Stock	L	20	$25.69	Acquired	2816	Direct
2009-05-27	Common Stock	A	1179	—	Acquired	4171	Direct

Footnotes

F1: Annual award of shares pursuant to the 2005 Directors Equity Incentive Plan, as amended.

F2: As of the date hereof, the Reporting Person's direct beneficial ownership includes 121 restricted shares granted under the Company's 2005 Directors Equity Incentive Plan that vest on June 2, 2009. Also includes approximately 176 shares acquired under the company's Dividend Reinvestment Plan since the reporting Person's last filing.