EASTGROUP PROPERTIES INC — Director's Dealing 2011

Mar 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTGROUP PROPERTIES INC (EGP)
CIK: 0000049600
Period of Report: 2011-03-03

Reporting Person: WOOD BRENT (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-03	Common Stock	A	5225	—	Acquired	70748	Direct
2011-03-03	Common Stock	F	287	$45.05	Disposed	70461	Direct
2011-03-03	Common Stock	A	3992	—	Acquired	74453	Direct

Footnotes

F1: Award of restricted shares as 2010 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, 2012, 2013, 2014 and 2015.

F2: On March 3, 2011, 1,045 restricted shares vested and the Reporting Person instructed the Company to withhold 287 shares to cover tax withholding obligations as permitted under the Company's 2004 Equity Incentive Plan, as amended.

F3: Award of restricted shares as 2010 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, 2014, 2015, 2016 and 2017.

F4: As of the date hereof, the Reporting Person's direct beneficial ownership includes 39,723 restricted shares granted under the Company's 2004 Equity Incentive Plan, as amended, that have not yet vested.