X0202 4 2004-11-29 0000729237 PARKWAY PROPERTIES INC PKY 0001238193 ROTHSCHILD REALTY INVESTORS III LLC C/O ROTHSCHILD REALTY INC. 1251 AVENUE OF THE AMERICAS NEW YORK NY 10020 0 0 1 0 Common Stock 2004-11-29 4 S 0 10400 50.0689 D 134000 I Note Common Stock 2004-11-30 4 S 0 40000 50.2291 D 94000 I Note Series B Cumulative Convertoble Preferred Stock Common Stock 1453499 1453499 I Note Warrants 35.00 2007-10-05 Common Stock 75000 75000 I Note The amounts shown on Tables I and II represent the beneficial ownership by Five Arrows Realty Securities III L.L.C. ("Five Arrows"), of the securities reported in such tables, a portion of which may be attributable to the Reporting Person because the Reporting Person is the sole manager managing member of Five Arrows. The actual pro rata portion of such beneficial ownership that may be deemed attributable to the Reporting Person is not readily determinable because it is subject to several variables. The Reporting Person disclaims beneficial ownership of these securities to the extent in excess of his pecuniary interest therein. Series B Cumulative Convertible Preferred Stock can be converted into like number of shares of Common Stock. Immediate No expiry date. James E. Quigley 3rd, Manager on behalf of Rotshchild Realty Investors III L.L.C. 2004-12-01