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: HOSTER DAVID H II (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-03	Common Stock	A	16328	—	Acquired	283115	Direct
2011-03-03	Common Stock	F	1052	$45.05	Disposed	282063	Direct
2011-03-03	Common Stock	A	11761	—	Acquired	293824	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2430	Indirect
Common Stock	750	Indirect

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, one-fifth on each of January 1, 2012 and 2013 and the remainder of the restricted shares vest January 1, 2014.

F2: On March 3, 2011, 3,266 restricted shares vested and the Reporting Person instructed the Company to withhold 1,052 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 on January 1, 2014.

F4: As of the date hereof, the Reporting Person's direct beneficial ownership includes 58,676 restricted shares granted under the Company's 2004 Equity Incentive Plan, as amended, that have not yet vested.