KIRBY CORP — Director's Dealing 2006

Nov 6, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KIRBY CORP (KEX)
CIK: 0000056047
Period of Report: 2006-11-03

Reporting Person: BUESE MARK R (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-03	Common Stock, par value $.10 per share	M	16000	$13.565	Acquired	35120	Direct
2006-11-03	Common Stock, par value $.10 per share	S	16000	$35.1169	Disposed	19120	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-03	Employee Stock Option (Right to Buy)	$13.565	M	16000	Disposed	2007-01-28	Common Stock (16000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.10 per share	2036	Indirect

Footnotes

F1: These share numbers reflect the 2-for-1 stock split that was effective May 31, 2006.

F2: Original option exercisable 33% after one year, 67% after two years and 100% after three years from date of grant.