KIRBY CORP — Director's Dealing 2004

Nov 4, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KIRBY CORP (KEX)
CIK: 0000056047
Period of Report: 2004-11-03

Reporting Person: HOLCOMB G STEPHEN (Vice Pres-Investor Relations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-11-03	Common Stock, par value $.10 per share	M	5000	$18.0625	Acquired	10550	Direct
2004-11-03	Common Stock, par value $.10 per share	S	5000	$43.5168	Disposed	5550	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-03	Employee Stock Option (Right to Buy)	$18.0625	M	5000	Disposed	2005-02-10	Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.10 per share	2626	Indirect

Footnotes

F1: Original option exercisable 33% after one year, 67% after two years, and 100% after three years from date of grant.