KIRBY CORP — Director's Dealing 2007

Sep 17, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KIRBY CORP (KEX)
CIK: 0000056047
Period of Report: 2007-09-14

Reporting Person: STRAHAN DORMAN LYNN (President - Marine Systems, In)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-09-14	Common Stock, par value $.10 per share	M	9526	$12.775	Acquired	46005	Direct
2007-09-14	Common Stock, par value $.10 per share	S	9526	$39.3149	Disposed	36479	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-09-14	Employee Stock Option (Right to Buy)	$12.775	M	9526	Disposed	2008-01-27	Common Stock (9526)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.10 per share	2262	Indirect

Footnotes

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