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EASTGROUP PROPERTIES INC — Director's Dealing 2013
Mar 12, 2013
30666_dirs_2013-03-11_6c41ccbd-3ca4-4113-93e7-a184f1d8a5ec.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: EASTGROUP PROPERTIES INC (EGP)
CIK: 0000049600
Period of Report: 2013-03-08
Reporting Person: CORKERN BRUCE (Senior Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-03-08 | Common Stock | A | 2398 | — | Acquired | 45930 | Direct |
| 2013-03-08 | Common Stock | F | 161 | $57.23 | Disposed | 45769 | Direct |
| 2013-03-08 | Common Stock | A | 6072 | — | Acquired | 51841 | Direct |
| 2013-03-08 | Common Stock | F | 509 | $57.23 | Disposed | 51332 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 500 | Indirect |
Footnotes
F1: Award of restricted shares as 2012 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, 2014, 2015 2016 and 2017.
F2: On March 8, 2013, 480 restricted shares vested and the Reporting Person instructed the Company to withhold 161 shares to cover tax withholding obligations as permitted under the Company's 2004 Equity Incentive Plan, as amended.
F3: Award of restricted shares as 2012 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, 2014, 2015 and 2016.
F4: On March 8, 2013, 1,518 restricted shares vested and the Reporting Person instructed the Company to withhold 509 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 18,484 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.