KIRBY CORP — Director's Dealing 2008

May 7, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KIRBY CORP (KEX)
CIK: 0000056047
Period of Report: 2008-05-02

Reporting Person: Binion Gregory R. (VP-Corp Development/Planning)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-02	Common Stock, par value $.10 per share	S	2000	$55.79	Disposed	14895	Direct
2008-05-05	Common Stock, par value $.10 per share	S	1500	$56.3413	Disposed	13395	Direct
2008-05-06	Common Stock, par value $.10 per share	M	3500	$16.9625	Acquired	16895	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-06	Employee Stock Option (Right to Buy)	$16.9625	M	3500	Disposed	2009-01-26	Common Stock (3500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.10 per share	547	Indirect