X0306 4 2017-01-03 0001677761 Parkway, Inc. PKY 0001520993 Heistand James R 390 NORTH ORANGE AVENUE SUITE 2400 ORLANDO FL 32801 1 1 0 0 PRESIDENT & CEO Common Stock 2017-01-03 4 F 0 17002 22.27 D 490245 D Common Stock 6095 I ACP Laurich Partnership, Ltd. Common Stock 9168 I ACP-JRL Partnership, Ltd., a family limited partnership On January 3, 2017, 54,523 restricted stock units vested, and the Reporting Person instructed the Company to withhold 17,002 shares to cover tax withholding obligations as permitted under the Company's 2016 Omnibus Equity Incentive Plan. 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/ A. Noni Holmes-Kidd, on behalf of James R. Heistand, as Attorney-in-Fact 2017-01-05