EASTGROUP PROPERTIES INC — Director's Dealing 2009

May 7, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTGROUP PROPERTIES INC (EGP)
CIK: 0000049600
Period of Report: 2009-05-06

Reporting Person: SPEED LELAND R (Director, Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-05-06	Common Stock	M	5000	$20.375	Acquired	211206	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-05-06	Stock Options	$20.375	M	5000	Disposed	2009-06-22	Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	27288	Indirect

Footnotes

F1: The Reporting Person's options reported herein were all part of the same grant. All of the options were exercisable on the date of exercise.