X0306 4 2014-07-08 0000729237 PARKWAY PROPERTIES INC PKY 0001520993 Heistand James R 390 NORTH ORANGE AVENUE SUITE 2400 ORLANDO FL 32801 1 1 0 0 DIRECTOR, PRESIDENT & CEO Common Stock 2014-07-08 4 F 0 13984 20.91 D 1322726 D Common Stock 29916 I ACP Laurich Partnership, Ltd. Common Stock 45000 I By ACP-JRL Partnership, Ltd., a family limited partnership On July 8, 2014, 33,334 time-based RSUs vested, and the Reporting Person instructed the Company to withhold 13,984 shares to cover tax withholding obligations as permitted under the Company's 2013 Omnibus Equity Incentive Plan, as amended. The Reporting Person disclaims beneficial owership 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. /s/Jeremy Dorsett, on behalf of James R. Heistand as Attorney-In-Fact 2014-07-10