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  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b><font style="font-size: 18.0pt">&nbsp;</font></b></p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b><font style="font-size: 18.0pt">&nbsp;</font></b></p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";line-height:1.0pt'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";line-height:1.0pt'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";line-height:1.0pt'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b><font style="font-size: 18.0pt">UNITED STATES</font></b></p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b><font style="font-size: 18.0pt">SECURITIES AND EXCHANGE COMMISSION</font></b></p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>Washington, D.C.
  20549</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b><u>__________________________</u></b></p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b><font style="font-size: 16.0pt">FORM 8-K</font></b></p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b><font style="font-size: 16.0pt">&nbsp;</font></b></p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>Current Report</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>Pursuant to Section
  13 or 15(d) of the Securities Exchange Act of 1934</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>Date of Report (date
  of earliest event reported):&nbsp; February 11, 2010</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b><u><font style="font-size: 14.0pt">PARKWAY PROPERTIES, INC</font></u></b><u>.</u></p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>(Exact Name of
  Registrant as Specified in its Charter)</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>&nbsp;</p>
  
  <div align="center">
  
  <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
   style='border-collapse:collapse'>
   <tr>
    <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><u>Maryland</u></p>
    </td>
    <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><u>1-11533</u></p>
    </td>
    <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><u>74-2123597</u></p>
    </td>
   </tr>
   <tr>
    <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>(State or Other
    Jurisdiction</p>
    </td>
    <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>(Commission File
    Number)</p>
    </td>
    <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>(IRS Employer</p>
    </td>
   </tr>
   <tr>
    <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>of Incorporation)</p>
    </td>
    <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>&nbsp;</p>
    </td>
    <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>Identification No.)</p>
    </td>
   </tr>
  </table>
  
  </div>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:4.5pt;text-align:center'><u>One
  Jackson Place, Suite 1000, 188 East Capitol Street, Jackson, MS 39225-4647</u></p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:4.5pt;text-align:center'>(Address
  of Principal Executive Offices, including zip code)</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:4.5pt;text-align:center'><font style="font-size: 11.0pt">&nbsp;</font></p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><u>(601) 948-4091</u></p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>(Registrant&#146;s
  telephone number, including area code)</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:4.5pt;text-align:center'><u>Not
  Applicable</u></p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>(Former name or
  former address, if changed since last report)</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-indent:.5in'>Check the appropriate box below if
  the Form 8-K filing is intended to simultaneously satisfy the filing obligation
  of the registrant under any of the following provisions (see General
  Instruction A.2. below):</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.5in;text-indent:-.5in'>&#61551;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written communications
  pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.5in;text-indent:-.5in'>&#61551;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Soliciting material pursuant
  to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.5in;text-indent:-.5in'>&#61551;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement
  communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
  240.14d-2(b))</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.5in;text-indent:-.5in'>&#61551;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement
  communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c))</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>Page 1 of 3 Pages</p>
  
  <div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>
  
  <hr size=2 width="100%" noshade style='color:navy' align=center>
  
  </div>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";line-height:1.0pt'>&nbsp;</p>
  
  <br
  clear=all style='page-break-before:always'>
  
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";line-height:1.0pt'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";line-height:1.0pt'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";line-height:1.0pt'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify'><b>Item 5.02.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Departure of
  Directors or Certain Officers; Election of Directors; Appointment of Certain
  Officers; Compensatory Arrangements of Certain Officers</b></p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><u>2010 Non-Equity Incentive Compensation</u></p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify'>On February 10, 2010, the
  Compensation Committee (the &#147;Committee&#148;) of the Company&#146;s Board of Directors
  established the performance measures for the Company&#146;s 2010 non-equity incentive
  awards for officers of the Company.&nbsp; The annual incentive performance goals are
  not set forth in a written agreement.</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify'>The amount of the non-equity incentive
  compensation that an officer may receive is based on the achievement of goals
  related to Company performance as measured by the Company&#146;s adjusted funds from
  operations (FFO) per share in 2010.&nbsp; The Committee has established a threshold
  and a maximum adjusted FFO performance goal for 2010.&nbsp; The Committee has
  determined that the adjustments to FFO (as computed in accordance with
  standards established by the National Association of Real Estate Investment
  Trusts) include the amortization of above/below market leases, charges for
  impairment of value to real estate, expenses related to the early extinguishment
  of debt, the expense of original issue cost associated with redemption of
  preferred stock, the gain or loss on sales of real property and similar
  adjustments that may be made in the Committee&#146;s sole discretion.&nbsp; </p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><u>2010 Discretionary Bonus</u></p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify'>The Committee also established
  the maximum amount of discretionary bonuses for officers of the Company.&nbsp;
  Bonuses for 2010 will be awarded at the discretion of the officer&#146;s immediate
  supervisor or the Committee, as the case may be, after the end of the year.</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>Page 2 of 3 Pages</p>
  
  <div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>
  
  <hr size=2 width="100%" noshade style='color:navy' align=center>
  
  </div>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";line-height:1.0pt'>&nbsp;</p>
  
  <br
  clear=all style='page-break-before:always'>
  
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify'>The following table lists the
  maximum cash bonuses and non-equity incentive compensation that the Company&#146;s named
  executive officers are eligible to receive with respect to 2010:</p>
  
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";line-height:1.0pt'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";line-height:1.0pt'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";line-height:1.0pt'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  
  <div align="center">
  
  <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=624
   style='width:6.5in;border-collapse:collapse'>
   <tr style='page-break-inside:avoid'>
    <td width=202 valign=bottom style='width:2.1in;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;text-align:center'><b><u>Name
    and Title</u></b></p>
    </td>
    <td width=154 valign=bottom style='width:1.6in;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin-bottom:0;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0pt;text-align:center; margin-left:0in; margin-right:0in'><b>Discretionary
    </b></p>
  	<p style='margin-bottom:0;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0pt;text-align:center; margin-left:0in; margin-right:0in'>
  	<b><u>Bonus</u></b></p>
    </td>
    <td width=269 colspan=2 valign=bottom style='width:2.8in;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;text-align:center'><b>Non-equity
    Incentive Compensation for Achievement of <br>
    <u>Company Performance Goals</u></b></p>
    </td>
   </tr>
   <tr style='page-break-inside:avoid'>
    <td width=202 valign=bottom style='width:2.1in;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;text-align:center'>&nbsp;</p>
    </td>
    <td width=154 valign=bottom style='width:1.6in;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;text-align:center'>(Maximum)</p>
    </td>
    <td width=134 valign=top style='width:1.4in;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;text-align:center'>(Threshold)</p>
    </td>
    <td width=134 valign=bottom style='width:1.4in;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;text-align:center'>(Maximum)</p>
    </td>
   </tr>
   <tr style='page-break-inside:avoid'>
    <td width=202 valign=top style='width:2.1in;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;margin-right:0in;margin-bottom:
    0in;margin-left:9.0pt;margin-bottom:.0001pt;text-indent:-9.0pt'>Steven G.
    Rogers................. <br>
    President and Chief Executive Officer</p>
    </td>
    <td width=154 valign=top style='width:1.6in;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;margin-right:0in;
    margin-bottom:0in;margin-left:9.0pt;margin-bottom:.0001pt;text-align:center;
    text-indent:-9.0pt'>$163,322</p>
    </td>
    <td width=134 valign=top style='width:1.4in;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;margin-right:0in;
    margin-bottom:0in;margin-left:9.0pt;margin-bottom:.0001pt;text-align:center;
    text-indent:-9.0pt'>$81,661</p>
    </td>
    <td width=134 valign=top style='width:1.4in;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;margin-right:0in;
    margin-bottom:0in;margin-left:9.0pt;margin-bottom:.0001pt;text-align:center;
    text-indent:-9.0pt'>$163,322</p>
    </td>
   </tr>
   <tr style='page-break-inside:avoid'>
    <td width=202 valign=top style='width:2.1in;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6pt;margin-right:0in;margin-bottom:
    0in;margin-left:9.0pt;margin-bottom:0;text-indent:-9.0pt'>William R.
    Flatt.................... <br>
    Executive Vice President, Chief Operating Officer </p>
  	<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0pt;margin-right:0in;margin-bottom:
    0in;margin-left:9.0pt;margin-bottom:0;text-indent:-9.0pt'>&nbsp;&nbsp; and Secretary</p>
    </td>
    <td width=154 valign=top style='width:1.6in;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;text-align:center'>$79,438</p>
    </td>
    <td width=134 valign=top style='width:1.4in;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;text-align:center'>$39,719</p>
    </td>
    <td width=134 valign=top style='width:1.4in;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;text-align:center'>$79,438</p>
    </td>
   </tr>
   <tr style='page-break-inside:avoid'>
    <td width=202 valign=top style='width:2.1in;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6px;margin-right:0in;margin-bottom:
    0in;margin-left:9.0pt;margin-bottom:0;text-indent:-9.0pt'>James M.
    Ingram.................. <br>
    Executive Vice President and Chief Investment </p>
  	<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0;margin-right:0in;margin-bottom:
    0in;margin-left:9.0pt;margin-bottom:0;text-indent:-9.0pt'>&nbsp;&nbsp; Officer</p>
    </td>
    <td width=154 valign=top style='width:1.6in;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;text-align:center'>$59,900</p>
    </td>
    <td width=134 valign=top style='width:1.4in;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;text-align:center'>$29,950</p>
    </td>
    <td width=134 valign=top style='width:1.4in;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;text-align:center'>$59,900</p>
    </td>
   </tr>
   <tr style='page-break-inside:avoid'>
    <td width=202 valign=top style='width:2.1in;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6px;margin-right:0in;margin-bottom:
    0in;margin-left:9.0pt;margin-bottom:.0001pt;text-indent:-9.0pt'>Mandy M. Pope.................... <br>
    Executive Vice President, Chief Accounting Officer and Interim Chief
    </p>
  	<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0;margin-right:0in;margin-bottom:
    0in;margin-left:9.0pt;margin-bottom:.0001pt;text-indent:-9.0pt'>&nbsp;&nbsp; Financial Officer</p>
    </td>
    <td width=154 valign=top style='width:1.6in;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;text-align:center'>$27,906</p>
    </td>
    <td width=134 valign=top style='width:1.4in;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;text-align:center'>$13,953</p>
    </td>
    <td width=134 valign=top style='width:1.4in;padding:0in 5.4pt 0in 5.4pt'>
    <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;text-align:center'>$27,906</p>
    </td>
   </tr>
   </table>
  
  </div>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>SIGNATURES</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;text-indent:.5in'>Pursuant to the
  requirements of the Securities Exchange Act of 1934, the registrant has duly
  caused this report to be signed on its behalf by the undersigned hereunto duly
  authorized.</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Date:&nbsp;&nbsp; February 16, 2010</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-indent:3.0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PARKWAY PROPERTIES, INC.</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-indent:3.0in'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-indent:3.0in'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:3.25in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>By: /s/ Mandy M. Pope</u></p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:3.25in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mandy M. Pope</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Executive Vice
  President, Chief Accounting </p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Officer and Interim Chief Financial Officer </p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>Page 3 of 3 Pages</p>
  
  <div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>
  
  <hr size=2 width="100%" noshade style='color:navy' align=center>
  
  </div>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";line-height:1.0pt'>&nbsp;</p>
  
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:3.5in'>&nbsp;</p>
  
  </div>
  
  </body>
  
  </html>
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "f8k2010compprogram.htm", "description": "HTML FORMAT", "secsgml_size_bytes": 27614}, {"type": "8-K", "sequence": "2", "filename": "f8k2010compprogram.pdf", "description": "PDF FORMAT", "secsgml_size_bytes": 87588}]
metadata_filer: {"company-data": {"conformed-name": "PARKWAY PROPERTIES INC", "cik": "0000729237", "assigned-sic": "6798", "irs-number": "742123597", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-11533", "film-number": "10607583"}, "business-address": {"street1": "ONE JACKSON PL", "street2": "188 E CAPITOL ST STE 1000", "city": "JACKSON", "state": "MS", "zip": "39225-4647", "phone": "6019484091"}, "mail-address": {"street1": "ONE JACKSON PL P O BOX 24647", "street2": "188 E CAPITOL ST STE 1000", "city": "JACKSON", "state": "MS", "zip": "39225"}, "former-company": {"former-conformed-name": "PARKWAY CO", "date-changed": "19951018"}}
text: UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  Washington, D.C.
  20549
  __________________________
  FORM 8-K
  Current Report
  Pursuant to Section
  13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (date
  of earliest event reported):  February 11, 2010
  PARKWAY PROPERTIES, INC
  .
  (Exact Name of
  Registrant as Specified in its Charter)
  Maryland
  1-11533
  74-2123597
  (State or Other
    Jurisdiction
  (Commission File
    Number)
  (IRS Employer
  of Incorporation)
  Identification No.)
  One
  Jackson Place, Suite 1000, 188 East Capitol Street, Jackson, MS 39225-4647
  (Address
  of Principal Executive Offices, including zip code)
  (601) 948-4091
  (Registrant's
  telephone number, including area code)
  Not
  Applicable
  (Former name or
  former address, if changed since last report)
  Check the appropriate box below if
  the Form 8-K filing is intended to simultaneously satisfy the filing obligation
  of the registrant under any of the following provisions (see General
  Instruction A.2. below):
         Written communications
  pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
         Soliciting material pursuant
  to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
         Pre-commencement
  communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
  240.14d-2(b))
         Pre-commencement
  communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c))
  Page 1 of 3 Pages
  Item 5.02.       Departure of
  Directors or Certain Officers; Election of Directors; Appointment of Certain
  Officers; Compensatory Arrangements of Certain Officers
  2010 Non-Equity Incentive Compensation
  On February 10, 2010, the
  Compensation Committee (the "Committee") of the Company's Board of Directors
  established the performance measures for the Company's 2010 non-equity incentive
  awards for officers of the Company.  The annual incentive performance goals are
  not set forth in a written agreement.
  The amount of the non-equity incentive
  compensation that an officer may receive is based on the achievement of goals
  related to Company performance as measured by the Company's adjusted funds from
  operations (FFO) per share in 2010.  The Committee has established a threshold
  and a maximum adjusted FFO performance goal for 2010.  The Committee has
  determined that the adjustments to FFO (as computed in accordance with
  standards established by the National Association of Real Estate Investment
  Trusts) include the amortization of above/below market leases, charges for
  impairment of value to real estate, expenses related to the early extinguishment
  of debt, the expense of original issue cost associated with redemption of
  preferred stock, the gain or loss on sales of real property and similar
  adjustments that may be made in the Committee's sole discretion.
  2010 Discretionary Bonus
  The Committee also established
  the maximum amount of discretionary bonuses for officers of the Company. 
  Bonuses for 2010 will be awarded at the discretion of the officer's immediate
  supervisor or the Committee, as the case may be, after the end of the year.
  Page 2 of 3 Pages
  The following table lists the
  maximum cash bonuses and non-equity incentive compensation that the Company's named
  executive officers are eligible to receive with respect to 2010:
  Name
    and Title
  Discretionary
  Bonus
  Non-equity
    Incentive Compensation for Achievement of
  Company Performance Goals
  (Maximum)
  (Threshold)
  (Maximum)
  Steven G.
    Rogers.................
  President and Chief Executive Officer
  $163,322
  $81,661
  $163,322
  William R.
    Flatt....................
  Executive Vice President, Chief Operating Officer
  and Secretary
  $79,438
  $39,719
  $79,438
  James M.
    Ingram..................
  Executive Vice President and Chief Investment
  Officer
  $59,900
  $29,950
  $59,900
  Mandy M. Pope....................
  Executive Vice President, Chief Accounting Officer and Interim Chief
  Financial Officer
  $27,906
  $13,953
  $27,906
  SIGNATURES
  Pursuant to the
  requirements of the Securities Exchange Act of 1934, the registrant has duly
  caused this report to be signed on its behalf by the undersigned hereunto duly
  authorized.
  Date:   February 16, 2010
  PARKWAY PROPERTIES, INC.
  By: /s/ Mandy M. Pope
  Mandy M. Pope
  Executive Vice
  President, Chief Accounting
  Officer and Interim Chief Financial Officer
  Page 3 of 3 Pages