KIRBY CORP — Director's Dealing 2004

May 3, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KIRBY CORP (KEX)
CIK: 0000056047
Period of Report: 2004-04-27

Reporting Person: STONE ROBERT G JR (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-04-27	Director Stock Option (Right to Buy)	$35.76	A	3000	Acquired	2014-04-27	Common Stock (3000)	Direct
2004-04-27	Director Stock Option (Right to Buy)	$35.76	A	1678	Acquired	2014-04-27	Common Stock (1678)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.10 per share	103698	Direct
Common Stock, par value $.10 per share	28500	Indirect
Common Stock, par value $.10 per share	10000	Indirect

Footnotes

F1: Shares held by Arcadia Charitable Trust dated 05/07/97; Robert G. Stone, Jr., Trustee. (T300)

F2: Shares held directly by spouse, Marion R. Stone.

F3: Option is exercisable 25% at 6/30/04, 50% at 9/30/04, 75% at 12/31/04 and 100% at 3/31/05.