XNYS:PKY Parkway Properties Inc Insider Activity 4 Filing - 1/14/2012

Effective Date 1/14/2012

XNYS:PKY Fair Value Estimate
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XNYS:PKY Consider Buying
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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 *
Speed Warren L
  2. Issuer Name and Ticker or Trading Symbol
PARKWAY PROPERTIES INC [PKY]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive Vice President
(Last)
(First)
(Middle)
ONE JACKSON PLACE, SUITE 1000, 188 E. CAPITOL STREET
3. Date of Earliest Transaction (Month/Day/Year)
01/14/2012
(Street)

JACKSON, MS 39201
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 01/14/2012   F   357 D $9.55(1) 58,786 D  
Common Stock 01/14/2012   F   96 D $9.22(2) 58,690(3) D  
Common Stock               10,408 I As custodian for children
Common Stock               1,000 I By spouse(4)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Speed Warren L
ONE JACKSON PLACE, SUITE 1000
188 E. CAPITOL STREET
JACKSON, MS 39201
      Executive Vice President  

Signatures

 Michael C. Donlon, Attorney-in-Fact for Warren L. Speed   01/17/2012
** 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).
(1) On January 14, 2012, 1,000 incentive restricted shares vested and the Reporting Person instructed the Company to withhold 357 shares to cover tax withholding obligations as permitted under the Company's 2003 Equity Incentive Plan, as amended.
(2) On January 14, 2012, 270 restricted shares vested and the Reporting Person instructed the Company to withhold 96 shares to cover tax withholding obligations as permitted under the Company's 2010 Omnibus Equity Incentive Plan, as amended.
(3) As of the date hereof, the Reporting Person's direct beneficial ownership includes 1,250 incentive restricted shares granted under the Company's 2003 Equity Incentive Plan, as amended, and 16,380 restricted shares granted under the Company's 2010 Omnibus Equity Incentive Plan, as amended, that have not yet vested.
(4) 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.

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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XNYS:PKY Parkway Properties Inc Insider Activity 4 Filling

Parkway Properties Inc XNYS:PKY Stock - Get Insider Activity SEC Filing of Parkway Properties Inc XNYS:PKY stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XNYS:PKY Parkway Properties Inc Insider Activity 4 Filing - 1/14/2012
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