SEC FORM 4 SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
JOHNSON WALTER E

(Last) (First) (Middle)
4400 POST OAK PARKWAY, 4TH FLOOR

(Street)
HOUSTON TX 77027

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
KIRBY CORP [ KEX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
05/11/2006
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $.10 per share 05/12/2006 M 5,951 A $24.135 15,071 D
Common Stock, par value $.10 per share 05/12/2006 M 2,649 A $31.475 17,720 D
Common Stock, par value $.10 per share 05/11/2006 S 8,600 D $80.2835 9,120 D
Common Stock, par value $.10 per share 05/15/2006 M 2,258 A $31.475 11,378 D
Common Stock, par value $.10 per share 05/15/2006 M 2,642 A $25.385 14,020 D
Common Stock, par value $.10 per share 05/12/2006 S 4,900 D $80.1876 9,120 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Director Stock Option (Right to Buy) $24.135 05/12/2006 M 4,086 07/17/2001 07/17/2011 Common Stock 4,086 $24.135 22,814 D
Director Stock Option (Right to Buy) $24.135 05/12/2006 M 1,865 03/31/2002(1) 07/17/2011 Common Stock 1,865 $24.135 20,949 D
Director Stock Option (Right to Buy) $31.475 05/12/2006 M 2,649 10/16/2002 04/16/2012 Common Stock 2,649 $31.475 18,300 D
Director Stock Option (Right to Buy) $31.475 05/15/2006 M 351 10/16/2002 04/16/2012 Common Stock 351 $31.475 17,949 D
Director Stock Option (Right to Buy) $31.475 05/15/2006 M 1,907 03/31/2003(2) 04/16/2012 Common Stock 1,907 $31.475 16,042 D
Director Stock Option (Right to Buy) $25.385 05/15/2006 M 2,642 10/22/2003 04/22/2013 Common Stock 2,642 $25.385 13,400 D
Explanation of Responses:
1. Option exercisable 33% at 9/30/01, 67% at 12/31/01 and 100% at 3/31/02.
2. Option exercisable 25% at 6/30/02, 50% at 9/30/02, 75% at 12/31/02 and 100% at 3/31/03.
Remarks:
G. Stephen Holcomb, Agent and Attorney-in-Fact 05/15/2006
** Signature of Reporting Person Date
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).
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.