KIRBY CORP — Director's Dealing 2008

May 1, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KIRBY CORP (KEX)
CIK: 0000056047
Period of Report: 2008-04-29

Reporting Person: DRAGG RONALD A (Vice President and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-04-29	Common Stock, par value $.10 per share	M	1000	$8.9531	Acquired	8651	Direct
2008-04-29	Common Stock, par value $.10 per share	S	1000	$56.6635	Disposed	7651	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-04-29	Employee Stock Option (Right to Buy)	$8.9531	M	1000	Disposed	2009-01-18	Common Stock (1000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.10 per share	1467	Indirect