X0202 4 2006-08-31 0000729237 PARKWAY PROPERTIES INC PKY 0001199672 SULLENBERGER JACK R ONE JACKSON PLACE, SUITE 1000 188 EAST CAPITOL STREET JACKSON MS 39201 0 1 0 0 Senior Vice President Common Stock 2006-08-31 4 M 0 3364 31.125 A 23983 D Common Stock 2006-08-31 4 S 0 3364 49.00 D 20619 D Common Stock 9000 I By Deferred Compensation Trust Stock Options 31.125 2006-08-31 4 M 0 3364 0 D 2008-06-04 Common Stock 3364 5636 D Stock Options 30.125 2010-05-30 Common Stock 7500 7500 D Stock Options 33.65 2011-07-22 Common Stock 4000 4000 D Includes 12,500 incentive restricted shares granted under the Company's 2003 Equity Incentive Plan that have not yet vested. All of the options are currently exercisable. Michael Donlon, Attorney-in-Fact for Jack Sullenberger 2006-08-31