-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 MWZ+u89MKNNc+iG27u1LmU/HFTpmFfp5l8Fbab7JowREiwVeMcjoxVuvg5upgGJZ
 E6e6DWhCWhzVyH93oz6mnA==

<SEC-DOCUMENT>0001181431-06-050469.txt : 20060831
<SEC-HEADER>0001181431-06-050469.hdr.sgml : 20060831
<ACCEPTANCE-DATETIME>20060831085037
ACCESSION NUMBER:		0001181431-06-050469
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060831
FILED AS OF DATE:		20060831
DATE AS OF CHANGE:		20060831

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LINDAUER J ALAN
		CENTRAL INDEX KEY:			0001202311

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-08387
		FILM NUMBER:		061066721

	MAIL ADDRESS:	
		STREET 1:		500 E MAIN STREET #8700
		CITY:			NORFOLK
		STATE:			VA
		ZIP:			23510

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WATERSIDE CAPITAL CORP
		CENTRAL INDEX KEY:			0000924095
		IRS NUMBER:				541694665
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			0630

	BUSINESS ADDRESS:	
		STREET 1:		300 EAST MAIN STREET
		CITY:			NORFOLK
		STATE:			VA
		ZIP:			23510
		BUSINESS PHONE:		7576261111

	MAIL ADDRESS:	
		STREET 1:		300 EAST MAIN STREET
		STREET 2:		#1380
		CITY:			NORFOLK
		STATE:			VA
		ZIP:			23510
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd129115.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2006-08-31</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000924095</issuerCik>
        <issuerName>WATERSIDE CAPITAL CORP</issuerName>
        <issuerTradingSymbol>WSCC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001202311</rptOwnerCik>
            <rptOwnerName>LINDAUER J ALAN</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>500 E MAIN STREET, SUITE 800</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NORFOLK</rptOwnerCity>
            <rptOwnerState>VA</rptOwnerState>
            <rptOwnerZipCode>23510</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>President/CEO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock $1.00 par value</value>
            </securityTitle>
            <transactionDate>
                <value>2006-08-30</value>
            </transactionDate>
            <deemedExecutionDate>
                <value>2006-08-30</value>
            </deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>G</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>2500</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>4.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>302194</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <ownerSignature>
        <signatureName>Gerald T. McDonald for J. Alan Lindauer</signatureName>
        <signatureDate>2006-08-31</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----