X0306 4 2015-01-14 0000729237 PARKWAY PROPERTIES INC PKY 0001532644 Lipsey M. Jayson 390 NORTH ORANGE AVENUE SUITE 2400 ORLANDO FL 32801 0 1 0 0 EVP, CHIEF OPERATING OFFICER Common Stock 2015-01-14 4 F 0 78 18.23 D 95683 D Common Stock 2015-01-14 4 F 0 220 18.23 D 95463 D On January 14, 2015, 240 incentive restricted shares vested and the Reporting Person instructed the Company to withhold 78 shares to cover tax withholding obligations as permitted under the Company's 2010 Omnibus Equity Incentive Plan, as amended. Includes an additional 40 shares acquired through the Reporting Person's participation in the Company's Employee Stock Purchase Plan and as a result of the reinvestment of dividends pursuant to the Company's Employee Stock Purchase Plan. On January 14, 2015, 675 incentive restricted shares vested and the Reporting Person instructed the Company to withhold 220 shares to cover tax withholding obligations as permitted under the Company's 2010 Omnibus Equity Incentive Plan, as amended. /s/Jeremy Dorsett, on behalf of Jayson Lipsey as attorney-in-fact 2015-01-15