KIRBY CORP — Director's Dealing 2008

Feb 12, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KIRBY CORP (KEX)
CIK: 0000056047
Period of Report: 2008-02-08

Reporting Person: PYNE J H (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-08	Common Stock, par value $.10 per share	A	25000	—	Acquired	450528	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-08	Employee Stock Option (Right to Buy)	$48.00	A	47022	Acquired	2013-02-08	Common Stock (47022)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.10 per share	5250	Indirect

Footnotes

F1: Restricted Stock awarded under the 2005 Stock and Incentive Plan for Kirby Corporation.

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