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: MCKEY N KEITH (Executive Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-28	Common Stock	G	1100	—	Disposed	113035	Direct
2011-03-03	Common Stock	A	8164	—	Acquired	121199	Direct
2011-03-03	Common Stock	A	6001	—	Acquired	127200	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7399	Indirect

Footnotes

F1: Bona fide gift of securities.

F2: 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.

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 30,161 restricted shares granted under the Company's 2004 Equity Incentive Plan, as amended, that have not yet vested.

F5: Includes an additional 89 shares acquired under the Company's Dividend Reinvestment Plan.