FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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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
                      

1. Name and Address of Reporting Person *

COUSINS THOMAS G
2. Issuer Name and Ticker or Trading Symbol

COUSINS PROPERTIES INC [ CUZ ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Director Emeritus
(Last)          (First)          (Middle)

191 PEACHTREE STREET, SUITE 3600
3. Date of Earliest Transaction (MM/DD/YYYY)

11/21/2008
(Street)

ATLANTA, GA 30303
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   11/21/2008     P    126800   A $8.969   (1) 7286483   D    
Common Stock                  216540   I   (2) By A Grantor Trust  
Common Stock                  407471   I   (3) By a Limited Partnership  
Common Stock                  699721   I   (4) By Wife  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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

Explanation of Responses:
( 1)  The purchase of 126,800 shares consisted of the following blocks: $9.00 - 75,610 shares; $8.99 - 4,422 shares; $8.98 - 4,914 shares; $8.97 - 4.447 shares; $8.96 - 600 shares; $8.94 - 200 shares; $8.93 - 3,800 shares; $8.91 - 1,064 shares; $8.90 - 26,333 shares; $8.89 - 2,291 shares; $8.88 - 1,207 shares; $8.87 - 600 shares; $8.86 - 1,112 shares; $8.85 - 100 shares; $8.82 - 100 shares.
( 2)  Shares held by grantor trust under instrument dated December 28, 1988.
( 3)  Shares held by a limited partnership in which the partners are a limited liability company and a charitable lead annuity trust. The LLC members include the reporting person, the reporting person's wife and the reporting person's daughter. The reporting person disclaims beneficial interest in any shares to the extent he has no pecuniary interest.
( 4)  Shares held by the reporting person's wife. Reporting person disclaims all beneficial ownership of his wife's shares.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
COUSINS THOMAS G
191 PEACHTREE STREET
SUITE 3600
ATLANTA, GA 30303

X Director Emeritus

Signatures
/s/ Kristin R. Myers, by Power of Attorney 11/24/2008
** 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 control number.
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