content: SECURITIES AND EXCHANGE COMMISSION
                                  
                        WASHINGTON, DC  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 14, 1996
                                                    ---------------
  
  
                        THE PARKWAY COMPANY
  - -----------------------------------------------------------------
       (Exact name of Registrant as specified in its charter)
  
  
  Texas                       0-12505                   74-2123597
  - -----------------------------------------------------------------
  (State or other     (Commission File Number)        (IRS Employer
  jurisdiction of                                    Identification
  incorporation)                                         Number)
  
  
  300 One Jackson Place, 188 E. Capitol St., Jackson, MS  39201
  - -----------------------------------------------------------------
  (Address of principal executive offices)               (Zip Code)
  
  
  Registrant's telephone number, including area code (601) 948-4091
                                                     --------------
  
  
  - -----------------------------------------------------------------
   (Former name or former address, if changed since last report)
                              FORM 8-K
                                  
                         THE PARKWAY COMPANY
  
  
  Item 5.   Other Events
  
                  On  June  14, 1996, The Parkway Company  sold  an
            aggregate of 1,140,000 shares of common stock at $15.25
            per  share in a private placement transaction to  seven
            institutional investors for an aggregate cash  purchase
            of  $17,385,000.  Following the placement, the  Company
            had 4,168,962 shares outstanding.
                              FORM 8-K
                                  
                         THE PARKWAY COMPANY
                                  
                                  
                             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: July 11, 1996
  
                                          THE PARKWAY COMPANY
  
  
  
                                     BY:  /s/Sarah P. Clark
                                          Sarah P. Clark
                                          Vice President,
                                          Chief Financial Officer
                                          Secretary
metadata_documents: [{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 2968}]
metadata_filer: {"company-data": {"conformed-name": "PARKWAY CO", "cik": "0000729237", "assigned-sic": "6512", "irs-number": "742123597", "state-of-incorporation": "TX", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-12505", "film-number": "96593629"}, "business-address": {"street1": "300 ONE JACKSON PL", "street2": "188 E CAPITOL ST STE 300", "city": "JACKSON", "state": "MS", "zip": "39225-2728", "phone": "6019484091"}, "mail-address": {"street1": "P O BOX 22728", "street2": "P O BOX 22728", "city": "JACKSON", "state": "MS", "zip": "39201"}}
text: SECURITIES AND EXCHANGE COMMISSION
                                  
                        WASHINGTON, DC  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 14, 1996
                                                    ---------------
  
                        THE PARKWAY COMPANY
  - -----------------------------------------------------------------
       (Exact name of Registrant as specified in its charter)
  
  Texas                       0-12505                   74-2123597
  - -----------------------------------------------------------------
  (State or other     (Commission File Number)        (IRS Employer
  jurisdiction of                                    Identification
  incorporation)                                         Number)
  
  300 One Jackson Place, 188 E. Capitol St., Jackson, MS  39201
  - -----------------------------------------------------------------
  (Address of principal executive offices)               (Zip Code)
  
  Registrant's telephone number, including area code (601) 948-4091
                                                     --------------
  
  - -----------------------------------------------------------------
   (Former name or former address, if changed since last report)
                              FORM 8-K
                                  
                         THE PARKWAY COMPANY
  
  Item 5.   Other Events
  
                  On  June  14, 1996, The Parkway Company  sold  an
            aggregate of 1,140,000 shares of common stock at $15.25
            per  share in a private placement transaction to  seven
            institutional investors for an aggregate cash  purchase
            of  $17,385,000.  Following the placement, the  Company
            had 4,168,962 shares outstanding.
                              FORM 8-K
                                  
                         THE PARKWAY COMPANY
                                  
                                  
                             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: July 11, 1996
  
                                          THE PARKWAY COMPANY
  
                                     BY:  /s/Sarah P. Clark
                                          Sarah P. Clark
                                          Vice President,
                                          Chief Financial Officer
                                          Secretary