KIRBY CORP — Director's Dealing 2014

Feb 27, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KIRBY CORP (KEX)
CIK: 0000056047
Period of Report: 2014-02-25

Reporting Person: Farley James F. (President Kirby Offshore Marin)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-25	Common Stock, par value $.10 per share	A	2365	$0.00	Acquired	30417	Direct
2014-02-26	Common Stock, par value $.10 per share	M	10300	$46.74	Acquired	40717	Direct
2014-02-25	Common Stock, par value $.10 per share	S	10300	$101.7228	Disposed	30417	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-25	Employee Stock Option (Right to Buy)	$101.46	A	3411	Acquired	2021-02-25	Common Stock (3411)	Direct
2014-02-26	Employee Stock Option (Right to Buy)	$46.74	M	10300	Disposed	2018-01-31	Common Stock (10300)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.10 per share	952	Indirect

Footnotes

F1: The reported price is the weighted average sales price. The sales were at prices ranging from $101.24 to $102.27 per share. The reporting person will provide, upon request by the Commission staff, full information regarding the number of shares sold at each separate price.

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