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  <P class=MsoNormal style="TEXT-ALIGN: center" align=center>&nbsp;</P>
  <P class=MsoNormal style="TEXT-ALIGN: center; margin-top:0; margin-bottom:0" align=center>&nbsp;</P>
  <P class=MsoNormal style="TEXT-ALIGN: center; margin-top:0; margin-bottom:0" align=center><B>UNITED
  STATES</B></P>
  <P class=MsoNormal style="TEXT-ALIGN: center; margin-top:0; margin-bottom:0" align=center><B>SECURITIES AND
  EXCHANGE COMMISSION</B></P>
  <P class=MsoNormal style="TEXT-ALIGN: center; margin-top:0; margin-bottom:0" align=center>Washington, D.C.
  20549</P>
  <P class=MsoNormal style="TEXT-ALIGN: center"
  align=center><B><U>__________________________</U></B></P>
  <P class=MsoNormal style="TEXT-ALIGN: center" align=center><B>FORM 8-K</B></P>
  <P class=MsoNormal style="TEXT-ALIGN: center; margin-top:0; margin-bottom:0" align=center>Current Report</P>
  <P class=MsoNormal style="TEXT-ALIGN: center; margin-top:0; margin-bottom:0" align=center>Pursuant to Section
  13 or 15(d) of the Securities Exchange Act of 1934</P>
  <P class=MsoNormal style="TEXT-ALIGN: center" align=center>Date of Report (date
  of earliest event reported):&nbsp; May 10, 2010</P>
  <P class=MsoNormal style="TEXT-ALIGN: center; margin-top:0; margin-bottom:0" align=center><B><U>PARKWAY
  PROPERTIES, INC</U></B><U>.</U></P>
  <P class=MsoNormal style="TEXT-ALIGN: center; margin-top:0; margin-bottom:0" align=center>(Exact Name of
  Registrant as Specified in its Charter)</P>
  <P class=MsoNormal style="TEXT-ALIGN: center; margin-top:0; margin-bottom:0" align=center>&nbsp;</P>
  <P
  class=MsoNormal align="center" style="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  <U>Maryland</U>&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>1-11533</U>&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>74-2123597</U></P>
  <P class=MsoNormal align="center" style="margin-top: 0; margin-bottom: 0">&nbsp;(State or Other Jurisdiction
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Commission File
  Number)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  (IRS Employer</P>
  <P class=MsoNormal align="center" style="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; of
  Incorporation)&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;
  Identification No.)</P>
  <P class=MsoNormal align="center" style="margin-top: 0; margin-bottom: 0">&nbsp;</P>
  <P class=MsoNormal style="MARGIN-LEFT: 4.5pt; TEXT-ALIGN: center; margin-top:0; margin-bottom:0"
  align=center><U>One Jackson Place, Suite 1000, 188 East Capitol Street, Jackson,
  MS 39225-4647</U></P>
  <P class=MsoNormal style="MARGIN-LEFT: 4.5pt; TEXT-ALIGN: center; margin-top:0; margin-bottom:0"
  align=center>(Address of Principal Executive Offices, including zip code)</P>
  <P class=MsoNormal style="MARGIN-LEFT: 4.5pt; TEXT-ALIGN: center; margin-top:0; margin-bottom:0"
  align=center>&nbsp;</P>
  <P class=MsoNormal style="TEXT-ALIGN: center; margin-top:0; margin-bottom:0" align=center><U>(601)
  948-4091</U></P>
  <P class=MsoNormal style="TEXT-ALIGN: center; margin-top:0; margin-bottom:0" align=center>(Registrant's
  telephone number, including area code)</P>
  <P class=MsoNormal style="TEXT-ALIGN: center; margin-top:0; margin-bottom:0" align=center>&nbsp;</P>
  <P class=MsoNormal style="MARGIN-LEFT: 4.5pt; TEXT-ALIGN: center; margin-top:0; margin-bottom:0"
  align=center><U>Not Applicable</U></P>
  <P class=MsoNormal style="TEXT-ALIGN: center; margin-top:0; margin-bottom:0" align=center>(Former name or
  former address, if changed since last report)</P>
  <P class=MsoNormal style="TEXT-INDENT: 0.5in">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 class=MsoNormal
  style="MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.5in; margin-top:0; margin-bottom:0">&#61551;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Written communications pursuant to Rule 425 under the Securities Act (17 CFR
  230.425)</P>
  <P class=MsoNormal
  style="MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.5in; margin-top:0; margin-bottom:0">&#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 class=MsoNormal
  style="MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.5in; margin-top:0; margin-bottom:0">&#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 class=MsoNormal
  style="MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.5in; margin-top:0; margin-bottom:0">&#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 class=MsoFooter style="TEXT-ALIGN: center" align=center>Page 1 of 2 Pages</P>
  <DIV class=MsoNormal style="TEXT-ALIGN: center" align=center>
  <HR style="COLOR: navy" align=center width="100%" noShade SIZE=2>
  </DIV><BR style="PAGE-BREAK-BEFORE: always" clear=all>
  <P class=MsoNormal style="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 class=MsoNormal style="TEXT-ALIGN: justify">On May 10, 2010, the Compensation
  Committee of the Company's Board of Directors approved a new Change in Control
  Agreement for Richard G. Hickson, Executive Vice President and Chief Financial
  Officer and Mandy M. Pope, Executive Vice President and Chief Accounting
  Officer, with a multiple of "2.99" in calculating the severance payment under
  each officer's Agreement.&nbsp; A copy of the Company's Change in Control
  Agreements is incorporated by reference as Exhibit 10.1 hereto.</P>
  <P class=MsoNormal style="TEXT-ALIGN: justify"><B>Item
  8.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Events</B></P>
  <P class=MsoNormal style="TEXT-ALIGN: justify">On May 13, 2010, Jayson Lipsey
  was appointed Senior Vice President of the Company and the Compensation
  Committee approved a new Change in Control Agreement for Mr. Lipsey.&nbsp; The
  Agreement is identical in substance to the Agreements for the Company's Named
  Executive Officers, and includes a multiple of "2.0" in calculating the
  severance payment under his Agreement.&nbsp; Mr. Lipsey is the son of Michael J.
  Lipsey, a member of the Company's Board of Directors. </P>
  <P class=MsoNormal style="TEXT-ALIGN: justify"><B>Item
  9.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Statements and
  Exhibits.</B></P>
  <P class=MsoNormal style="TEXT-ALIGN: justify">(d) Exhibits</P>
  <P class=MsoNormal style="TEXT-ALIGN: justify">10.1&nbsp;&nbsp;&nbsp;&nbsp; Form
  of Change in Control Agreement with each of the Company's Named Executive
  Officers (the Change in Control Agreements are identical in substance for each
  of the Named Executive Officers, and provide for <A
  name=OLE_LINK1>a multiple of "2.99" in calculating the severance payment under
  each officer's Agreement</A>) (incorporated by reference to Exhibit 10 to the
  Company's Form 8-K filed May 14, 2008).</P>
  <P class=MsoNormal style="TEXT-ALIGN: center" align=center>SIGNATURES</P>
  <P class=MsoNormal style="TEXT-INDENT: 0.5in; TEXT-ALIGN: justify">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 class=MsoNormal>Date:&nbsp;&nbsp; May 14, 2010</P>
  <P class=MsoNormal style="margin-top: 0; margin-bottom: 0">&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;&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;&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 class=MsoNormal style="margin-top: 0; margin-bottom: 0">&nbsp;</P>
  <P class=MsoNormal style="TEXT-INDENT: 3in; margin-top:0; margin-bottom:0">&nbsp;</P>
  <P class=MsoNormal style="MARGIN-LEFT: 3.25in; margin-top:0; margin-bottom:0">&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;&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;By: <U>/s/ Mandy M.
  Pope&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></P>
  <P class=MsoNormal style="MARGIN-LEFT: 3.5in; margin-top:0; margin-bottom:0">&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;&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 class=MsoNormal style="MARGIN-LEFT: 3.5in; margin-top:0; margin-bottom:0">&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;&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 and Chief
  Accounting Officer</P>
  <P class=MsoNormal style="MARGIN-LEFT: 3.5in; margin-top:0; margin-bottom:0">&nbsp;</P>
  <P class=MsoFooter style="TEXT-ALIGN: center; margin-top:0; margin-bottom:0" align=center>Page 2 of 2 Pages</P>
  <DIV class=MsoNormal style="TEXT-ALIGN: center" align=center>
  <HR style="COLOR: navy" align=center width="100%" noShade SIZE=2>
  </DIV></BODY></HTML>
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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": "10831584"}, "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):  May 10, 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 2 Pages
  Item
  5.02.       Departure of Directors or Certain
  Officers; Election of Directors; Appointment of Certain Officers; Compensatory
  Arrangements of Certain Officers
  On May 10, 2010, the Compensation
  Committee of the Company's Board of Directors approved a new Change in Control
  Agreement for Richard G. Hickson, Executive Vice President and Chief Financial
  Officer and Mandy M. Pope, Executive Vice President and Chief Accounting
  Officer, with a multiple of "2.99" in calculating the severance payment under
  each officer's Agreement.  A copy of the Company's Change in Control
  Agreements is incorporated by reference as Exhibit 10.1 hereto.
  Item
  8.01        Other Events
  On May 13, 2010, Jayson Lipsey
  was appointed Senior Vice President of the Company and the Compensation
  Committee approved a new Change in Control Agreement for Mr. Lipsey.  The
  Agreement is identical in substance to the Agreements for the Company's Named
  Executive Officers, and includes a multiple of "2.0" in calculating the
  severance payment under his Agreement.  Mr. Lipsey is the son of Michael J.
  Lipsey, a member of the Company's Board of Directors.
  Item
  9.01.       Financial Statements and
  Exhibits.
  (d) Exhibits
  10.1     Form
  of Change in Control Agreement with each of the Company's Named Executive
  Officers (the Change in Control Agreements are identical in substance for each
  of the Named Executive Officers, and provide for
  a multiple of "2.99" in calculating the severance payment under
  each officer's Agreement
  ) (incorporated by reference to Exhibit 10 to the
  Company's Form 8-K filed May 14, 2008).
  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:   May 14, 2010
  PARKWAY PROPERTIES, INC.
  By:
  /s/ Mandy M.
  Pope
  Mandy M. Pope
  Executive Vice President and Chief
  Accounting Officer
  Page 2 of 2 Pages