EASTGROUP PROPERTIES INC — Director's Dealing 2012

Dec 21, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTGROUP PROPERTIES INC (EGP)
CIK: 0000049600
Period of Report: 2012-12-18

Reporting Person: COLEMAN JOHN F (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-18	Common Stock	S	2000	$52.9244	Disposed	104367	Direct
2012-12-19	Common Stock	F	2065	$53.24	Disposed	102302	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.881 to $53.013, inclusive. The reporting person undertakes to provide to EastGroup Properties, Inc., any security holder of EastGroup Properties, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

F2: On December 19, 2012, 7,807 restricted shares vested and the Reporting Person instructed the Company to withhold 2,065 shares to cover tax withholding obligations as permitted under the Company's 2004 Equity Incentive Plan, as amended.

F3: As of the date hereof, the Reporting Person's direct beneficial ownership includes 35,682 restricted shares granted under the Company's 2004 Equity Incentive Plan, as amended, that have not yet vested.