Pratt Henry F III 4
4 · PARKWAY PROPERTIES INC · Filed Dec 13, 2012
Insider Transaction Report
Form 4
Pratt Henry F III
EVP OF ASSET MANAGEMENT
Transactions
- Other
Commom Stock
2012-12-13+129,685→ 148,450 total - Other
OP Units
2012-12-13−129,685→ 0 total→ Common Stock (129,685 underlying)
Footnotes (4)
- [F1]129,685 shares of Common Stock were issued upon the redemption and tender of common units of limited partnership interest ("OP Units") in Parkway Properties LP, the operating partnership of the Issuer (the "Operating Partnership"). The Issuer is the sole shareholder of the general partmer of the Operating Partnership.
- [F2]As of the date hereof, the Reporting Person's direct beneficial ownership includes 18,453 restricted shares granted under the Company's 2011 Employee Inducement AwardPlan, that have not vested.
- [F3]Holders of OP Units have redemption rights that enable them to cause the Operating Partnership to redeem their OP Units for cash or, at the option of the Issuer, for shares of Common Stock on a one-for-one basis.
- [F4]All of the OP Units are currently redeemable and do not have expiration dates.