KIRBY CORP — Director's Dealing 2011

Jul 6, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KIRBY CORP (KEX)
CIK: 0000056047
Period of Report: 2011-07-01

Reporting Person: CASEY TIMOTHY J (Pres, K-Sea Trans Partners, LP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-01	Common Stock, par value $.10 per share	A	3491	—	Acquired	3491	Direct
2011-07-01	Common Stock, par value $.10 per share	A	1716	$0.00	Acquired	5207	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-01	Employee Stock Option (Right to Buy)	$58.28	A	2452	Acquired	2018-07-01	Common Stock (2452)	Direct

Footnotes

F1: In connection with the merger of K-Sea Transportation Partners L.P. ("K-Sea") with a subsidiary of Kirby Corporation ("Kirby"), Mr. Casey exchanged 47,563 K-Sea common units for consideration consisting of $4.075 in cash and .0734 of a share of Kirby common stock for each K-Sea common unit. On the effective date of the merger, the closing price of K-Sea Common units was $8.14 per unit and the closing price of Kirby common stock was $58.28 per share.

F2: Restricted Stock awarded under the 2005 Stock and Incentive Plan for Kirby Corporation.

F3: Option is exercisable 33% after one year, 67% after two years and 100% after three years from date of grant.