EASTGROUP PROPERTIES INC — Director's Dealing 2012

Mar 9, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTGROUP PROPERTIES INC (EGP)
CIK: 0000049600
Period of Report: 2012-03-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-07	Common Stock	A	17095	—	Acquired	293289	Direct
2012-03-07	Common Stock	F	1076	$48.89	Disposed	292213	Direct
2012-03-07	Common Stock	A	17095	—	Acquired	309308	Direct
2012-03-07	Common Stock	F	1344	$48.89	Disposed	307964	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2430	Indirect
Common Stock	750	Indirect

Footnotes

F1: Award of restricted shares as 2011 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, 2013 and 2014 and the remainder of the restricted shares vest January 1, 2015.

F2: On March 7, 2012, 3,419 restricted shares vested and the Reporting Person instructed the Company to withhold 1,076 shares to cover tax withholding obligations as permitted under the Company's 2004 Equity Incentive Plan, as amended.

F3: Award of restricted shares as 2011 multi-year long-term incentive compensation pursuant to the Company's 2004 Equity Incentive Plan, as amended. These restricted shares vest one-fourth on the date of grant, and one-fourth on each of January 1, 2013, 2014 and 2015.

F4: On March 7, 2012, 4,274 restricted shares vested and the Reporting Person instructed the Company to withhold 1,344 shares to cover tax withholding obligations as permitted under the Company's 2004 Equity Incentive Plan, as amended.

F5: As of the date hereof, the Reporting Person's direct beneficial ownership includes 68,883 restricted shares granted under the Company's 2004 Equity Incentive Plan, as amended, that have not yet vested.

F6: The Reporting Person disclaims beneficial ownesrhip of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.