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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0000729237-09-000013.txt : 20090205
<SEC-HEADER>0000729237-09-000013.hdr.sgml : 20090205
<ACCEPTANCE-DATETIME>20090205094548
ACCESSION NUMBER:		0000729237-09-000013
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090203
FILED AS OF DATE:		20090205
DATE AS OF CHANGE:		20090205

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			COLLINS J MITCHELL
		CENTRAL INDEX KEY:			0001235195

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11533
		FILM NUMBER:		09570180

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		601-948-4091

	MAIL ADDRESS:	
		STREET 1:		ONE JACKSON PLACE, SUITE 1000
		STREET 2:		188 EAST CAPITOL STREET
		CITY:			JACKSON
		STATE:			MS
		ZIP:			39201

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PARKWAY PROPERTIES INC
		CENTRAL INDEX KEY:			0000729237
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				742123597
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		ONE JACKSON PL
		STREET 2:		188 E CAPITOL ST STE 1000
		CITY:			JACKSON
		STATE:			MS
		ZIP:			39225-4647
		BUSINESS PHONE:		6019484091

	MAIL ADDRESS:	
		STREET 1:		ONE JACKSON PL P O BOX 24647
		STREET 2:		188 E CAPITOL ST STE 1000
		CITY:			JACKSON
		STATE:			MS
		ZIP:			39225

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PARKWAY CO
		DATE OF NAME CHANGE:	19951018
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>mcollins.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-02-03</periodOfReport>

    <issuer>
        <issuerCik>0000729237</issuerCik>
        <issuerName>PARKWAY PROPERTIES INC</issuerName>
        <issuerTradingSymbol>PKY</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001235195</rptOwnerCik>
            <rptOwnerName>COLLINS J MITCHELL</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>ONE JACKSON PLACE, SUITE 1000</rptOwnerStreet1>
            <rptOwnerStreet2>188 EAST CAPITOL STREET</rptOwnerStreet2>
            <rptOwnerCity>JACKSON</rptOwnerCity>
            <rptOwnerState>MS</rptOwnerState>
            <rptOwnerZipCode>39201</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Executive Vice President &amp; CFO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2009-02-03</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>13500</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>16975</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-03-03</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>3475</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3475</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">On February 3, 2009, the Compensation Committee approved this award of restricted shares pursuant to the Company's 2003 Equity Incentive Plan. These restricted shares will be earned upon satisfaction of certain performance goals established by the Compensation Committee with respect to 2009, and if earned, will vest 25% in January 2010, 25% in 2011, 25% in 2012 and 25% in 2013.</footnote>
        <footnote id="F2">The Reporting Person's direct beneficial ownership includes an additional 3,475 incentive restricted shares granted under the Company's 2003 Equity Incentive Plan that have not yet vested.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>J Mitchell Collins</signatureName>
        <signatureDate>2009-02-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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