EASTGROUP PROPERTIES INC — Director's Dealing 2010

Mar 8, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTGROUP PROPERTIES INC (EGP)
CIK: 0000049600
Period of Report: 2010-03-04

Reporting Person: CORKERN BRUCE (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-04	Common Stock	A	3689	—	Acquired	34134	Direct
2010-03-04	Common Stock	F	204	$36.98	Disposed	33930	Direct
2010-03-04	Common Stock	A	1726	—	Acquired	35656	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1000	Indirect

Footnotes

F1: Award of restricted shares as 2009 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, 2011, 2012, 2013 and 2014.

F2: On March 4, 2010, 738 restricted shares vested and the Reporting Person instructed the Company to withhold 204 shares to cover tax withholding obligations as permitted under the Company's 2004 Equity Incentive Plan, as amended.

F3: Award of restricted shares as 2009 supplemental long-term incentive compensation pursuant to the Company's 2004 Equity Incentive Plan, as amended. These restricted shares vest one-fourth on each of January 1, 2013, 2014, 2015 and 2016.

F4: As of the date hereof, the Reporting Person's direct beneficial ownership includes 13,158 restricted shares granted under the Company's 2004 Equity Incentive Plan, as amended, that have not yet vested.