X0306 4 2015-12-03 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 2015-12-03 4 S 0 16500 16.71 D 89368 D The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.69 to $16.75, 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. Includes an additional 177 shares acquired through the Reporting Person's participation in the Company's Employee Stock Purchase Plan. By:/s/Jeremy Dorsett, on behalf of M. Jayson Lipsey as Attorney-in-Fact. 2015-12-04