ROGERS STEVEN G 4

4 · PARKWAY PROPERTIES INC · Filed Jan 14, 2011

Form 4

Period: 2011-01-12

DirectorPresident and CEO

Transactions

Holdings

Stock Options
Exercise: $33.65Exp: 2011-07-22→ Common Stock (9,000 underlying)
9,000
8.00% Series D Preferred Stock
(indirect: By IRA)
1,100
Common Stock
(indirect: By Trust)
39,000
Common Stock
(indirect: By Spouse)
16,108

Footnotes (5)

[F1]On January 12, 2011, 6,250 incentive restricted shares vested and the Reporting Person instructed the Company to withhold 1,966 shares to cover tax withholding obligations as permitted under the Company's 2003 Equity Incentive Plan, as amended.
[F2]Grant of time-based restricted shares pursuant to the Company's 2010 Omnibus Equity Incentive Plan, as amended. These restricted shares will vest 25% on each of January 14, 2012, 2013, 2014 and 2015.
[F3]Grant of performance-based restricted shares pursuant to the Company's 2010 Omnibus Equity Incentive Plan, as amended. These restricted shares will be earned, in whole or in part, upon the satisfaction of certain performance goals established by the Compensation Committee with respect to the three-year period ending June 30, 2013 and, to the extent earned, will vest 50% on each of July 15, 2013 and 2014.
[F4]As of the date hereof, the Reporting Person's direct beneficial ownership includes 18,250 incentive restricted shares granted under the Company's 2003 Equity Incentive Plan, as amended, and 93,060 restricted shares granted under the Company's 2010 Omnibus Equity Incentive Plan, as amended, that have not yet vested.
[F5]All of the options are currently exercisable.

Documents

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