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Filing Details

Accession Number:: 0001196395-11-000077
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-08-10 20:31:54
Reporting Period:: 2011-08-08

Filing Date:: 2011-08-10
Accepted Time:: 2011-08-10 20:31:54
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
729237	Parkway Properties Inc	PKY	Real Estate Investment Trusts (6798)	742123597

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1199668	G Steven Rogers	One Jackson Place, Suite 1000 188 East Capitol Street Jackson MS 39201	President And Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2011-08-08	39,000	$13.03	259,838	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	16,108	Indirect	Spouse
8.00% Series D Preferred Stock	1,100	Indirect	By IRA

Footnotes

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan (the "Plan") adopted by the Reporting Person on May 23, 2011 which provided for the sale of shares of the Common Stock that were distributed to the Reporting Person from the Company's Deferred Compensation Trust earlier this year. With the sales of the shares reported herein, the Plan has been completed and no future sales may occur pursuant to the Plan. Rule 10b5-1, promulgated under the Securities Exchange Act of 1934, allows significant shareholders of a company who are not in possession of material non-public information to establish pre-arranged plans to buy or sell a specified number of shares of such company's stock. Once a plan is established, the shareholder does not retain or exercise any discretion over sales of stock under the plan and the pre-planned trades may be executed at dates as set forth in the plan.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.99 to $13.96, inclusive. The reporting person undertakes to provide to Parkway Properties, Inc., any security holder of Parkway Properties, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
As of the date hereof, the Reporting Person's direct beneficial ownership includes 18,250 incentive restricted shares granted under the Company's 2003 Equity Incentive Plan, as amended, and 91,575 restricted shares granted under the Company's 2010 Omnibus Equity Incentive Plan, as amended, that have not yet vested.
The Reporting Person disclaims beneficial ownesrhip of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.