Pratt Henry F III 4
4 · PARKWAY PROPERTIES INC · Filed Mar 1, 2012
Insider Transaction Report
Form 4
Pratt Henry F III
EVP OF ASSET MANAGEMENT
Transactions
- Other
OP Units
2012-02-28+129,685→ 129,685 total→ Common Stock (129,685 underlying)
Holdings
- 18,765
Common Stock
Footnotes (6)
- [F1]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 Award Plan that have not yet vested.
- [F2]Represents 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 partner of the Operating Partnership.
- [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]The OP Units were issued on February 28, 2012 pursuant to the terms of the Contribution Agreement, as amended, by and among Eola Capital LLC, Eola Office Partners LLC, Banyan Street Office Holdings LLC, and the members that are parties thereto on one hand, and Parkway Properties, Inc. and Parkway Properties LP on the other hand.
- [F5]All of the OP Units are currently redeemable.
- [F6]Not applicable.