X0303 4 2011-02-14 0000025232 COUSINS PROPERTIES INC CUZ 0001056731 GELLERSTEDT LAWRENCE L III 191 PEACHTREE STREET SUITE 3600 ATLANTA GA 30303 1 President & CEO Common Stock 2011-02-14 4 A 0 35294 0 A 158484 D Common Stock 1665 I By Profit Sharing Plan Stock Options (Right to Buy) 8.43 2011-02-14 4 A 0 51282 0 A 2012-02-14 2021-02-14 Common Stock 51282 51282 D Award of restricted stock shares under the Cousins Properties Incorporated (CPI) 2009 Incentive Stock Plan. These shares will vest equally over three years on each anniversary date of the grant. CPI will hold these shares until such shares become vested. While the shares are being held prior to vesting, the reporting person will have the right to receive all cash dividends and to vote the restricted shares. All unvested shares will forfeit upon termination of employment. Option award was granted under the 2009 Incentive Stock Plan. Options will vest 25% per year on each anniversary of the grant date, so will be 100% vested in year 4 of the grant term. The reporting person may, as an alternative to exercising the stock option right to purchase the full allotment of CPI stock, elect a cashless exercise. The cashless exercise allows the reporting person to receive the number of whole shares of CPI stock equal to the difference between the fair market value of the stock on the date of exercise and the option price. Includes 75,485 restricted stock awarded under the Cousins Properties Incorporated (CPI) 1999 and 2009 Incentive Stock Plans. While the shares are being held prior to vesting, the reporting person will have the right to receive all cash dividends and to vote the restricted shares. All unvested shares will forfeit upon termination of employment. /s/ Lawrence L. Gellerstedt III 2011-02-15