0001123292-16-002854.txt : 20161012
0001123292-16-002854.hdr.sgml : 20161012
20161012184244
ACCESSION NUMBER: 0001123292-16-002854
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20161007
FILED AS OF DATE: 20161012
DATE AS OF CHANGE: 20161012
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Parkway, Inc.
CENTRAL INDEX KEY: 0001677761
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 000000000
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: BANK OF AMERICA CENTER
STREET 2: 390 NORTH ORANGE AVENUE, SUITE 2400
CITY: ORLANDO
STATE: FL
ZIP: 32801
BUSINESS PHONE: 407-650-0593
MAIL ADDRESS:
STREET 1: BANK OF AMERICA CENTER
STREET 2: 390 NORTH ORANGE AVENUE, SUITE 2400
CITY: ORLANDO
STATE: FL
ZIP: 32801
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Heistand James R
CENTRAL INDEX KEY: 0001520993
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37819
FILM NUMBER: 161933866
MAIL ADDRESS:
STREET 1: 5127 FAIRWAY OAKS DRIVE
CITY: WINDERMERE
STATE: FL
ZIP: 34786
4
1
edgar.xml
PRIMARY DOCUMENT
X0306
4
2016-10-07
0001677761
Parkway, Inc.
PKY
0001520993
Heistand James R
BANK OF AMERICA CENTER
390 NORTH ORANGE AVENUE, SUITE 2400
ORLANDO
FL
32801
1
1
0
0
President, CEO and Director
Common Stock
2016-10-07
4
A
0
109045
A
109045
D
Common Stock
2016-10-07
4
A
0
304807
A
413852
D
Common Stock
2016-10-07
4
A
0
6095
A
6095
I
ACP Laurich Partnership, Ltd.
Common Stock
2016-10-07
4
A
0
9168
A
9168
I
ACP-JRL Partnership, Ltd, a family limited partnership
Employee Stock Option (Right to Buy)
22.00
2016-10-07
4
A
0
557526
A
2016-10-07
2023-03-02
Common Stock
557526
557526
D
OP Units
2016-10-07
4
A
0
13937
A
Common Stock
13937
13937
D
Represents time-based restricted stock units with respect to Parkway Properties, Inc.'s ("Old Parkway") common stock that were assumed and converted into time-based restricted stock units with respect to the Company's common stock ("RSUs") in connection with both the merger (the "Merger") of Old Parkway with and into a subsidiary of Cousins Properties Incorporated ("Cousins") and the subsequent pro rata distribution of the common stock of the Company by Cousins to its common stockholders (the "Distribution"), which RSUs will vest 1/3 on each of the first, second, and third anniversaries of the closing date of the Merger, subject to the executive's continued service with the Company on such dates.
Received pursuant to the Distribution on a distribution ratio of one share of the Company's common stock for every eight shares of Cousins common stock held as of the record date.
The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
Represents options that were assumed and converted in connection with both the Merger and the Distribution, which options are fully vested, subject to the executive's continued service with the Company on such date.
The OP units were held by the reporting person prior to the Distribution, as LTIP units that were a derivative security of Old Parkway that vested and converted into OP units immediately prior to the Merger. In connection with the Merger, the OP units became a derivative security of the Company. OP units may be redeemed for cash or, at the Company's election, shares of the Company's common stock on a one-for-one basis beginning 12 months following the date of the initial issuance of the OP unit, or at such other time as may be set forth in the agreement pursuant to which the applicable OP units are issued.
/s/ A. Noni Holmes-Kidd, attorney-in-fact
2016-10-12