KIRBY CORP — Director's Dealing 2005

Nov 1, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KIRBY CORP (KEX)
CIK: 0000056047
Period of Report: 2005-10-31

Reporting Person: NOLEN NORMAN W (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-10-31	Common Stock, par value $.10 per share	M	30000	$21.5313	Acquired	58887	Direct
2005-10-31	Common Stock, par value $.10 per share	S	30000	$51.83	Disposed	28887	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-10-31	Employee Stock Option (Right to Buy)	$21.5313	M	30000	Disposed	2006-01-15	Common Stock (30000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.10 per share	1061	Indirect

Footnotes

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