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: 2012-03-08

Reporting Person: MCKEY N KEITH (Executive Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-08	Common Stock	A	8532	—	Acquired	122471	Direct
2012-03-08	Common Stock	F	487	$48.67	Disposed	121984	Direct
2012-03-08	Common Stock	A	8782	—	Acquired	130766	Direct
2012-03-08	Common Stock	F	627	$48.67	Disposed	130139	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7769	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, 2014, 2015 and 2016.

F2: On March 8, 2012, 1,707 restricted shares vested and the Reporting Person instructed the Company to withhold 487 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 8, 2012, 2,196 restricted shares vested and the Reporting Person instructed the Company to withhold 627 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 35,489 restricted shares granted under the Company's 2004 Equity Incentive Plan, as amended, that have not yet vested.