content: <html>
  
  <head>
  
  
  <title>SECURITIES AND EXCHANGE COMMISSION</title>
  
  
  
  </head>
  
  <body lang=EN-US link="#000000" vlink=purple>
  
  
  
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  
  <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
  
  
  
  
  
  
  
  
  
  <p class=MsoNormal align=center style='text-align:center'><b>UNITED STATES<br>
  SECURITIES AND EXCHANGE COMMISSION<br>
  </b>Washington, D.C. 20549<br>
  <br>
  <b><u>__________________________<br>
  <br>
  </u></b><b>FORM 8-K<br>
  <br>
  </b>Current Report<br>
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934<br>
  <br>
  <br>
  Date of Report (date of earliest event reported):&nbsp; June 27, 2006<br>
  <br>
  <br>
  <b><u>PARKWAY PROPERTIES, INC</u></b><u>.<br>
  </u>(Exact Name of Registrant as Specified in its Charter)<br>
  <br>
  </p>
  
  <div align="center">
    <center>
  
  <table class=MsoTableGrid 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 class=MsoNormal align=center style='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 class=MsoNormal align=center style='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 class=MsoNormal align=center style='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 class=MsoNormal align=center style='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 class=MsoNormal align=center style='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 class=MsoNormal align=center style='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 class=MsoNormal align=center style='text-align:center'>of Incorporation)</p>
    </td>
    <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
  
    </td>
    <td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='text-align:center'>Identification No.)</p>
    </td>
   </tr>
  </table>
  
  
  
    </center>
  </div>
  
  
  
  <p class=MsoNormal align=center style='margin-left:4.5pt;text-align:center'><u>One
  Jackson Place, Suite 1000, 188 East Capitol Street, Jackson, MS 39201<br>
  </u>(Address of Principal Executive Offices, including zip code)<br>
  <br>
  <u>(601) 948-4091<br>
  </u>(Registrant's telephone number, including area code)<br>
  <br>
  <u>Not Applicable<br>
  </u>(Former name or former address, if changed since last report)<br>
  <br>
  </p>
  
  <p class=MsoNormal style='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):<br>
  <br>
  &#61551;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written communications
  pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  &#61551;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Soliciting material
  pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  &#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)<br>
  &#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)<br>
  </p>
  
  
  
  <p class=MsoNormal style='text-indent:.5in'>&nbsp;</p>
  
  
  
  <p class=MsoNormal style='text-indent:.5in'>&nbsp;</p>
  
  
  
  <p class=MsoNormal style='text-indent:.5in'>&nbsp;</p>
  
  
  
  <p class=MsoNormal style='text-indent:.5in' align="center">&nbsp;</p>
  
  
  
  <div class=MsoNormal align=center style='text-align:center'>
  
  <hr size=2 width="100%" noshade color=navy align=center>
  
  </div>
  
  
  
  <br clear=all
  style='page-break-before:always'>
  
  
  
  
  
  
  
  
  
  
  
  
  <p class=MsoNormal style='text-align:justify'><b>Item 1.02.&nbsp; Entry into a
  Material Definitive Agreement</b></p>
  
  <p class=MsoNormal style='text-align:justify'><b><br>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b>On June
  27, 2006, the Compensation Committee of the Board of Directors of the Company awarded
  a total of 67,500 shares of restricted stock to the officers of the Company to
  be effective July 1, 2006, including the following awards to the Chief
  Executive Officer and Executive Vice Presidents of the Company:</p>
  
  
  
  <div align="center">
    <center>
  
  
  
  <table class=MsoTableGrid border=0 cellspacing=0 cellpadding=0
   style='border-collapse:collapse'>
   <tr>
    <td width=250 valign=bottom style='width:2.6in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'><i>Officer</i></p>
    </td>
    <td width=125 valign=bottom style='width:1.3in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'><i>Total
    Restricted Stock Granted</i></p>
    </td>
    <td width=125 valign=bottom style='width:1.3in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'><i>Performance-Based
    Awards</i></p>
    </td>
    <td width=125 valign=bottom style='width:1.3in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'><i>Time-Based
    Awards</i></p>
    </td>
   </tr>
   <tr>
    <td width=250 valign=top style='width:2.6in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal style='margin-top:0in;margin-right:0in;margin-bottom:6.0pt;
    margin-left:9.0pt;text-indent:-9.0pt'>Steven G. Rogers............................... <br>
    President and Chief Executive Officer</p>
    </td>
    <td width=125 valign=top style='width:1.3in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>12,500</p>
    </td>
    <td width=125 valign=top style='width:1.3in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>6,250</p>
    </td>
    <td width=125 valign=top style='width:1.3in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>6,250</p>
    </td>
   </tr>
   <tr>
    <td width=250 valign=top style='width:2.6in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal style='margin-top:0in;margin-right:0in;margin-bottom:6.0pt;
    margin-left:9.0pt;text-indent:-9.0pt'>William R. Flatt.................................. <br>
    Executive Vice President, Chief Financial Officer and Secretary</p>
    </td>
    <td width=125 valign=top style='width:1.3in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>6,250</p>
    </td>
    <td width=125 valign=top style='width:1.3in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>3,125</p>
    </td>
    <td width=125 valign=top style='width:1.3in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>3,125</p>
    </td>
   </tr>
   <tr>
    <td width=250 valign=top style='width:2.6in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal style='margin-top:0in;margin-right:0in;margin-bottom:6.0pt;
    margin-left:9.0pt;text-indent:-9.0pt'>James M. Ingram............................... <br>
    Executive Vice President and Chief Investment Officer</p>
    </td>
    <td width=125 valign=top style='width:1.3in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>6,250</p>
    </td>
    <td width=125 valign=top style='width:1.3in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>3,125</p>
    </td>
    <td width=125 valign=top style='width:1.3in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>3,125</p>
    </td>
   </tr>
   <tr>
    <td width=250 valign=top style='width:2.6in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal style='margin-top:0in;margin-right:0in;margin-bottom:6.0pt;
    margin-left:9.0pt;text-indent:-9.0pt'>Thomas C. Maloney........................... <br>
    Executive Vice President and Chief Operating Officer</p>
    </td>
    <td width=125 valign=top style='width:1.3in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>6,250</p>
    </td>
    <td width=125 valign=top style='width:1.3in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>3,125</p>
    </td>
    <td width=125 valign=top style='width:1.3in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>3,125</p>
    </td>
   </tr>
   <tr>
    <td width=250 valign=top style='width:2.6in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal style='margin-top:0in;margin-right:0in;margin-bottom:6.0pt;
    margin-left:9.0pt;text-indent:-9.0pt'>G. Mitch Mattingly............................. <br>
    Executive Vice President and Senior Asset Manager</p>
    </td>
    <td width=125 valign=top style='width:1.3in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>5,000</p>
    </td>
    <td width=125 valign=top style='width:1.3in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>2,500</p>
    </td>
    <td width=125 valign=top style='width:1.3in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>2,500</p>
    </td>
   </tr>
  </table>
  
    </center>
  </div>
  
  <p class=MsoNormal><br>
  <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b>The
  total restricted stock awarded to each officer will be allocated 50% as a
  time-based award and 50% as a performance-based award. &nbsp;The time-based awards
  will vest July 1, 2010 and the performance-based awards will vest on January
  10, 2009, assuming certain performance targets are met.&nbsp; The Committee has
  determined that the performance target for the performance-based awards should
  be based on the Company's cumulative adjusted funds available for distribution
  as previously disclosed in connection with the adoption of the Company's GEAR
  UP plan.</p>
  
  <p class=MsoNormal style='text-indent:.5in'><br>
  <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b>Each
  award will be made in accordance with the terms of the Company's 2003 Equity
  Incentive Plan (the &quot;Incentive Plan&quot;) and will be governed by restricted stock
  agreements. &nbsp;The Company's stockholders approved the Incentive Plan at the
  Company's 2003 Annual Meeting of Stockholders.&nbsp; The Incentive Plan was filed
  with the SEC on April 1, 2003 as part of the Company's definitive proxy
  statement.&nbsp; The Form of Restricted Stock Award Agreements for the
  performance-based awards and time-based awards are attached hereto as Exhibit
  10.1 and 10.2 and are incorporated by reference.</p>
  
  <p class=MsoFooter align=center style='text-align:center'>&nbsp;</p>
  
  <p class=MsoFooter align=center style='text-align:center'>&nbsp;</p>
  
  <p class=MsoFooter align=center style='text-align:center'>&nbsp;</p>
  
  <p class=MsoFooter align=center style='text-align:center'>&nbsp;</p>
  
  <p class=MsoFooter align=center style='text-align:center'>Page 2 of 3</p>
  
  <div class=MsoNormal align=center style='text-align:center'>
  
  <hr size=2 width="100%" noshade color=navy align=center>
  
  </div>
  
  
  
  <br clear=all
  style='page-break-before:always'>
  
  
  
  
  
  
  
  
  
  
  <p class=MsoNormal style='page-break-after:avoid'><b>Item 9.01.&nbsp; Financial
  Statements and Exhibits.</b></p>
  
  <p class=MsoNormal style='page-break-after:avoid'><br>
  (d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits:</p>
  
  
  
  <table class=MsoTableGrid border=0 cellspacing=0 cellpadding=0 width=632
   style='width:474.0pt;margin-left:5.4pt;border-collapse:collapse'>
   <tr>
    <td width=60 valign=top style='width:45.0pt;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal style='page-break-after:avoid'>10.1*</p>
    </td>
    <td width=572 valign=top style='width:429.0pt;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal style='page-break-after:avoid'>Form of Incentive
    Restricted Share Agreement for Performance-Based Awards</p>
    </td>
   </tr>
   <tr>
    <td width=60 valign=top style='width:45.0pt;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal style='page-break-after:avoid'>10.2*</p>
    </td>
    <td width=572 valign=top style='width:429.0pt;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal style='page-break-after:avoid'>Form of Incentive
    Restricted Share Agreement for Time-Based Awards</p>
    </td>
   </tr>
  </table>
  
  
  
  <p class=MsoNormal style='page-break-after:avoid'>* Identifies a compensatory
  plan required to be filed.</p>
  
  <p class=MsoNormal align=center style='text-align:center'><br>
  <br>
  SIGNATURES</p>
  
  <p class=MsoNormal><br>
  <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b>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 style='text-align:justify'><br>
  Date:&nbsp;&nbsp;June 29, 2006</p>
  
  
  
  <div align=right>
  
  <table class=MsoTableGrid border=0 cellspacing=0 cellpadding=0
   style='margin-left:146.4pt;border-collapse:collapse'>
   <tr>
    <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal>PARKWAY PROPERTIES, INC.</p>
    </td>
   </tr>
   <tr>
    <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt'>
    &nbsp;</td>
   </tr>
   <tr>
    <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt'>
    &nbsp;</td>
   </tr>
   <tr>
    <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt'>
  
    </td>
   </tr>
   <tr>
    <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt'>
  
    </td>
   </tr>
   <tr>
    <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal>By:&nbsp; <u>/s/William R. Flatt_____________</u></p>
    </td>
   </tr>
   <tr>
    <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;William
    R. Flatt</p>
    </td>
   </tr>
   <tr>
    <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt'>
    <p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief
    Financial Officer</p>
    </td>
   </tr>
  </table>
  
  </div>
  
  <p class=MsoFooter align=center style='text-align:center'>&nbsp;</p>
  
  <p class=MsoFooter align=center style='text-align:center'>&nbsp;</p>
  
  <p class=MsoFooter align=center style='text-align:center'>&nbsp;</p>
  
  <p class=MsoFooter align=center style='text-align:center'>&nbsp;</p>
  
  <p class=MsoFooter align=center style='text-align:center'>Page 3 of 3</p>
  
  <div class=MsoNormal align=center style='text-align:center'>
  
  <hr size=2 width="100%" noshade color=navy align=center>
  
  </div>
  
  
  
  
  
  
  
  </body>
  
  </html>
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "f8k0629061.htm", "description": "8-K HTM FORMAT", "secsgml_size_bytes": 15406}, {"type": "8-K", "sequence": "4", "filename": "f8k062906.pdf", "description": "8-K PDF FORMAT", "secsgml_size_bytes": 126362}]
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": "06932564"}, "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: SECURITIES AND EXCHANGE COMMISSION
  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):  June 27, 2006
  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 39201
  (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)
  Item 1.02.  Entry into a
  Material Definitive Agreement
  On June
  27, 2006, the Compensation Committee of the Board of Directors of the Company awarded
  a total of 67,500 shares of restricted stock to the officers of the Company to
  be effective July 1, 2006, including the following awards to the Chief
  Executive Officer and Executive Vice Presidents of the Company:
  Officer
  Total
    Restricted Stock Granted
  Performance-Based
    Awards
  Time-Based
    Awards
  Steven G. Rogers...............................
  President and Chief Executive Officer
  12,500
  6,250
  6,250
  William R. Flatt..................................
  Executive Vice President, Chief Financial Officer and Secretary
  6,250
  3,125
  3,125
  James M. Ingram...............................
  Executive Vice President and Chief Investment Officer
  6,250
  3,125
  3,125
  Thomas C. Maloney...........................
  Executive Vice President and Chief Operating Officer
  6,250
  3,125
  3,125
  G. Mitch Mattingly.............................
  Executive Vice President and Senior Asset Manager
  5,000
  2,500
  2,500
  The
  total restricted stock awarded to each officer will be allocated 50% as a
  time-based award and 50% as a performance-based award.  The time-based awards
  will vest July 1, 2010 and the performance-based awards will vest on January
  10, 2009, assuming certain performance targets are met.  The Committee has
  determined that the performance target for the performance-based awards should
  be based on the Company's cumulative adjusted funds available for distribution
  as previously disclosed in connection with the adoption of the Company's GEAR
  UP plan.
  Each
  award will be made in accordance with the terms of the Company's 2003 Equity
  Incentive Plan (the "Incentive Plan") and will be governed by restricted stock
  agreements.  The Company's stockholders approved the Incentive Plan at the
  Company's 2003 Annual Meeting of Stockholders.  The Incentive Plan was filed
  with the SEC on April 1, 2003 as part of the Company's definitive proxy
  statement.  The Form of Restricted Stock Award Agreements for the
  performance-based awards and time-based awards are attached hereto as Exhibit
  10.1 and 10.2 and are incorporated by reference.
  Page 2 of 3
  Item 9.01.  Financial
  Statements and Exhibits.
  (d)        Exhibits:
  10.1*
  Form of Incentive
    Restricted Share Agreement for Performance-Based Awards
  10.2*
  Form of Incentive
    Restricted Share Agreement for Time-Based Awards
  * Identifies a compensatory
  plan required to be filed.
  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:  June 29, 2006
  PARKWAY PROPERTIES, INC.
  By:
  /s/William R. Flatt_____________
  William
    R. Flatt
  Chief
    Financial Officer
  Page 3 of 3