SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Thomas James A
(Last) (First) (Middle)
390 N. ORANGE AVENUE
SUITE 2400
(Street)
ORLANDO FL 32801
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PARKWAY PROPERTIES INC [ PKY ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/03/2014
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/03/2014 S(1) 14,624 D $20.7806(2) 495,602 I By The Lumbee Clan Trust(3)
Common Stock 09/03/2014 S(1) 14,769 D $20.7805(2) 1,019,869 I By Thomas Investment Partners, Ltd.(4)
Common Stock 09/04/2014 S(1) 4,249 D $20.7583(5) 491,353 I By The Lumbee Clan Trust(3)
Common Stock 09/04/2014 S(1) 4,251 D $20.7576(5) 1,015,618 I By Thomas Investment Partners, Ltd.(4)
Common Stock 649 D
Common Stock 238,357 I By Thomas Master Investments, LLC(6)
Common Stock 3,895 I By Rosemary Pastron Trust(7)
Common Stock 3,969 I By Otto Pastron Trust(7)
Common Stock 42 I By Sarah Bane Trust(7)
Common Stock 84 I By Samantha Bane Trust(7)
Common Stock 210 I By Otto Pastron CUTMA(7)
Common Stock 76 I By 1994 Trust(7)
Common Stock 254,691 I By Thomas-Pastron Family Partnership, L.P.(4)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The sales reported in this Form 4 were effected pursuant to Rule 10b5-1 trading plans adopted by the reporting person on August 12, 2014 for the sale of an aggregate of 200,000 shares.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.7500 to $20.8800, 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 range set forth in this footnote (2).
3. Securities are held by the Lumbee Clan Trust for which the reporting person serves as trustee and has discretion with respect to such securities.
4. Securities are held by the named partnership, which is controlled by the reporting person.
5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.7500 to $20.8100, 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 range set forth in this footnote (5).
6. Securities are held by the named limited liability company, which is controlled by the reporting person.
7. Securities are held in trust for the benefit of an immediate family member of the reporting person. The reporting person is trustee of such trust. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
Remarks:
/s/ Jeremy R. Dorsett, on behalf of James A. Thomas, as Attorney-in-Fact 09/05/2014
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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