EASTGROUP PROPERTIES INC — Director's Dealing 2011

Feb 15, 2011

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: EASTGROUP PROPERTIES INC (EGP)
CIK: 0000049600
Period of Report: 2010-12-31

Reporting Person: BAILEY H C JR (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6213	Direct
Common Stock	0	Indirect
Common Stock	0	Indirect
Common Stock	0	Indirect
Common Stock	0	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$24.02	2012-05-28	Common Stock (2250)	2250	Direct
Stock Options	$26.60	2013-05-28	Common Stock (2250)	2250	Direct

Footnotes

F1: A review of the reporting person's beneficial ownership ownership reports filed pursuant to Section 16 identified an error with respect to the number of shares of EastGroup Properties, Inc. common stock that have been included in the reporting person's direct and indirect holdings. The reporting person's prior Section 16 filings have inadvertently included 1,600 and 3,400 shares in his direct ownership and indirect ownership totals, respectively, notwithstanding the fact that these shares were sold by the reporting person or certain of his affiliated parnerships on March 27, 2001. This Form 5 includes the reporting person's direct and indirect holdings as of December 31, 2010.

F2: Previously owned by a company of which the reporting person is Chairman and President.

F3: Previously owned by a limited partnership of which the reporting person is a limited partner.

F4: Previously owned by a limited partnership of which the reporting person is Vice President.

F5: Previously owned by a limited partnership of which the reporting person is President of its general partner.