Ownership Submission
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

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
GOWER BOB G
   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)
(Last)
(First)
(Middle)
402 TIMBERWILDE		 3. Date of Earliest Transaction (Month/Day/Year)
02/04/2008
(Street)

HOUSTON, TX 77024		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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 02/05/2008 02/05/2008 M   3,000 A $ 12.75 42,922 D  
Common Stock, par value $.10 per share 02/05/2008 02/05/2008 M   3,000 A $ 9.6875 45,922 D  
Common Stock, par value $.10 per share 02/05/2008 02/05/2008 M   3,000 A $ 10.6719 48,922 D  
Common Stock, par value $.10 per share 02/05/2008 02/05/2008 M   4,564 A $ 9.8594 53,486 D  
Common Stock, par value $.10 per share 02/05/2008 02/05/2008 M   11,962 A $ 10.0625 65,448 D  
Common Stock, par value $.10 per share 02/05/2008 02/05/2008 M   9,814 A $ 15.7375 75,262 D  
Common Stock, par value $.10 per share 02/05/2008 02/05/2008 M   10,728 A $ 12.6925 85,990 D  
Common Stock, par value $.10 per share 02/05/2008 02/05/2008 M   5,322 A $ 17.88 91,312 D  
Common Stock, par value $.10 per share 02/04/2008 02/04/2008 S   51,390 D $ 48.019 39,922 D  
Common Stock, par value $.10 per share 02/06/2008 02/06/2008 M   678 A $ 17.88 40,600 D  
Common Stock, par value $.10 per share 02/06/2008 02/06/2008 M   6,000 A $ 20.2775 46,600 D  
Common Stock, par value $.10 per share 02/06/2008 02/06/2008 S   6,678 D $ 47.036 39,922 D  

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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 Underlying Securities
(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
Director Stock Option (Right to Buy) $ 12.75 02/05/2008   M     3,000 10/22/1998 04/22/2008 Common Stock 3,000 $ 12.75 67,068 D  
Director Stock Option (Right to Buy) $ 9.6875 02/05/2008   M     3,000 10/21/1999 04/21/2009 Common Stock 3,000 $ 9.6875 64,068 D  
Director Stock Option (Right to Buy) $ 10.6719 02/05/2008   M     3,000 10/19/2000 04/19/2010 Common Stock 3,000 $ 10.6719 61,068 D  
Director Stock Option (Right to Buy) $ 9.8594 02/05/2008   M     4,564 03/31/2001 09/29/2010 Common Stock 4,564 $ 9.8594 56,504 D  
Director Stock Option (Right to Buy) $ 10.0625 02/05/2008   M     6,000 10/17/2001 04/17/2011 Common Stock 6,000 $ 10.0625 50,504 D  
Director Stock Option (Right to Buy) $ 10.0625 02/05/2008   M     5,962 03/31/2002 04/17/2011 Common Stock 5,962 $ 10.0625 44,542 D  
Director Stock Option (Right to Buy) $ 15.7375 02/05/2008   M     6,000 10/16/2002 04/15/2012 Common Stock 6,000 $ 15.7375 38,542 D  
Director Stock Option (Right to Buy) $ 15.7375 02/05/2008   M     3,814 03/31/2003 04/16/2012 Common Stock 3,814 $ 15.7375 34,728 D  
Director Stock Option (Right to Buy) $ 12.6925 02/05/2008   M     6,000 10/22/2003 04/22/2013 Common Stock 6,000 $ 12.6925 28,728 D  
Director Stock Option (Right to Buy) $ 12.6925 02/05/2008   M     4,728 03/31/2004 04/22/2013 Common Stock 4,728 $ 12.6925 24,000 D  
Director Stock Option (Right to Buy) $ 17.88 02/05/2008   M     5,322 10/27/2004 04/27/2014 Common Stock 5,322 $ 17.88 18,678 D  
Director Stock Option (Right to Buy) $ 17.88 02/06/2008   M     678 10/27/2004 04/27/2014 Common Stock 678 $ 17.88 18,000 D  
Director Stock Option (Right to Buy) $ 20.2775 02/06/2008   M     6,000 10/26/2005 04/26/2015 Common Stock 6,000 $ 20.2775 12,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GOWER BOB G
402 TIMBERWILDE
HOUSTON, TX 77024		   X      

Signatures

 G. Stephen Holcomb, Agent and Attorney-in-Fact   02/06/2008
**Signature of Reporting Person Date

Explanation of Responses:

* 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.

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