EASTGROUP PROPERTIES INC — Director's Dealing 2014

Mar 10, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTGROUP PROPERTIES INC (EGP)
CIK: 0000049600
Period of Report: 2014-03-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-06	Common Stock	A	15025	—	Acquired	231384	Direct
2014-03-06	Common Stock	F	1411	$61.96	Disposed	229973	Direct
2014-03-06	Common Stock	A	11747	—	Acquired	241720	Direct
2014-03-06	Common Stock	F	1379	$61.96	Disposed	240341	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	50000	Indirect
Common Stock	2430	Indirect
Common Stock	750	Indirect

Footnotes

F1: Award of restricted shares as 2013 annual long-term incentive compensation pursuant to the Company's 2013 Equity Incentive Plan. These restricted shares vest one-fifth on the date of grant, one-fifth on January 1, 2015 and the remainder of the restricted shares vest January 1, 2016.

F2: On March 6, 2014, 3,005 restricted shares vested and the Reporting Person instructed the Company to withhold 1,411 shares to cover tax withholding obligations as permitted under the Company's 2013 Equity Incentive Plan.

F3: Award of restricted shares as 2013 multi-year long-term incentive compensation pursuant to the Company's 2013 Equity Incentive Plan. These restricted shares vest one-fourth on the date of grant, one-fourth on January 1, 2015 and the remainder of the resticted shares vest January 1, 2016.

F4: On March 6, 2014, 2,937 restricted shares vested and the Reporting Person instructed the Company to withhold 1,379 shares to cover tax withholding obligations as permitted under the Company's 2013 Equity Incentive Plan.

F5: As of the date hereof, the Reporting Person's direct beneficial ownership includes 66,047 restricted shares granted under the Company's 2013 Equity Incentive Plan and the Company's 2004 Equity Incentive Plan, as amended, that have not yet vested.

F6: These shares are held in a family trust for the benefit of the Reporting Person's children. The Reporting Person's spouse is trustee of the trust. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

F7: The Reporting Person disclaims beneficial ownership 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.