4 1 srz9425311v1.txt EASTGROUP PROPERTIES, INC. / FORM 4 -------- ----------------------------- FORM 4 OMB APPROVAL -------- ----------------------------- ----- Check this box if no longer OMB Number: 3235-0287 subject to Section 16. Form 4 Expires: January 31, 2005 ----- or Form 5 obligations may Estimated average burden continue. SEE Instruction 1(b). hours per response .... 0.5 ----------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 (Print or Type Responses) ---------------------------------------------------------------------------- 1. Name and Address of Reporting Person* D. Pike Aloian ---------------------------------------------------------------------------- (Last) (First) (Middle) c/o Rothschild Realty Inc., 1251 Avenue of the Americas ---------------------------------------------------------------------------- (Street) New York, NY 10020 ---------------------------------------------------------------------------- (City) (State) (Zip) ---------------------------------------------------------------------------- 2. Issuer Name and Ticker or Trading Symbol Eastgroup Properties, Inc. (EGP) ---------------------------------------------------------------------------- 3. IRS or Social Security Number of Reporting Person (Voluntary) ---------------------------------------------------------------------------- 4. Statement for Month/Day/Year 04/28/03 ---------------------------------------------------------------------------- 5. If Amendment, Date of Original (Month/Day/Year) ---------------------------------------------------------------------------- Page 1 of 5 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [X] Director [ ] 10% Owner [ ] Officer (give title below) [ ] Other (specify below) ----------------------------------------------------------------------------- 7. Individual or Joint/Group Filing (Check Applicable Line) [X] Form filed by One Reporting Person [ ] Form filed by More than One Reporting Person ----------------------------------------------------------------------------- Page 2 of 5 ================================================================================ TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED ================================================================================
5. Amount of 6. 4. Securities Owner- Securities Acquired (A) or Beneficially ship 2A. 3. Disposed of (D) Owned Form: 7. 2. Deemed Transaction (Instr. 3, 4 and 5) Following Direct Nature of Trans- Execution Code ------------------------------- Reported (D) or Indirect 1. action Date, if (Instr. 8) (A) Transaction(s) Indirect Beneficial Title of Security Date any ------------ or (Instr. 3 & (I) Ownership (Instr. 3) (mm/dd/yy) (mm/dd/yy) Code V Amount (D) Price Instr.4) (Instr.4) (Instr.4) ------------------------------------------------------------------------------------------------------------------------------------ Eastgroup Properties, Inc. Common Stock, $.0001 par value per share ("Common Stock") 04/28/03 C 227,280 A (1) 227,280 I (2) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, SEE Instruction 4(b)(v). Page 3 of 5 FORM 4 (continued) Table II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) ================================================================================
9. Number 10. of Owner- deriv- ship ative Form 2. Secur- of Conver- 5. 7. ities Deriv- 11. sion Number of Title and Amount Bene- ative Nature or Derivative 6. of Underlying 8. ficially Secur- of Exer- 3A. 4. Securities Date Securities Price Owned ity: In- cise Deemed Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of Follow- Direct direct Price 3. Execut- action or Disposed Expiration Date ---------------- Deriv- ing (D) or Bene- 1. of Trans- ion Code of(D) (Month/Day/Year) Amount ative Reported In- ficial Title of Deriv- action Date if (Instr. (Instr. 3, ---------------- or Secur- Trans- direct Owner- Derivative ative Date any 8) 4 and 5) Date Expira- Number ity action(s) (I) ship Security Secur- (mm/dd/ (mm/dd/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity yy) yy) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) ------------------------------------------------------------------------------------------------------------------------------------ Series B (3) 04/28/03 C 200,000 (3) N/A Common Stock 227,280 N/A 2,600,000 I (2) Cumulative Convertible Preferred Stock ------------------------------------------------------------------------------------------------------------------------------------ Stock Options $20.25 6/2/99 6/1/09 Common Stock 7,500 7,500 D ------------------------------------------------------------------------------------------------------------------------------------ Stock Options $21.75 6/1/00 5/31/10 Common Stock 2,250 2,250 D ------------------------------------------------------------------------------------------------------------------------------------ Stock Options $21.40 6/4/01 6/3/11 Common Stock 2,250 2,250 D ------------------------------------------------------------------------------------------------------------------------------------ Stock Options $24.02 5/29/02 5/28/12 Common Stock 2,250 2,250 D ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Explanation of Responses: (1) Five Arrows Realty Securities II L.L.C. ("Five Arrows") acquired 227,280 shares of Common Stock upon conversion of 200,000 shares of Series B Cumulative Convertible Preferred Stock on 04/28/03. (2) The Reporting Person has been appointed, among others, as a manager of Five Arrows, by Rothschild Realty Investors IIA L.L.C., the sole managing member of Five Arrows. (3) Each share of Series B Cumulative Convertible Preferred Stock is convertible, at any time, into 1.1364 shares of Common Stock. Page 4 of 5 * If the form is filed by more than one reporting person, SEE Instruction 4(b)(v). **Intentional misstatements or omissions of facts constitute Federal Criminal Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this form, one of which must be manually signed. If space is insufficient, SEE Instruction 6 for procedure. FIVE ARROWS REALTY SECURITIES II L.L.C. /s/ D. Pike Aloian 04/29/03 -------------------------------- -------- Name: D. Pike Aloian Date Title: Manager on behalf of Five Arrows Realty Securities II L.L.C. **Signature of Reporting Person Page 5 of 5