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<title>As filed with the Securities and Exchange Commission on March 29, 2002</title>



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<p align=left style='text-align:left; margin-top:0; margin-bottom:0'>As filed with the
Securities and Exchange Commission on May 12, 2006</p>

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<p align=right style='text-align:right;border:medium none;padding:0in; margin-top:0; margin-bottom:0'>Registration
No. 333-</p>

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<p style="margin-top: 0; margin-bottom: 0" align="center"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>

<p style="margin-top: 0; margin-bottom: 0" align="center"><b>Washington, D.C.&nbsp; 20549</b></p>

<p style="margin-top: 0; margin-bottom: 0" align="center"><b>_____________________</b></p>



<p style="margin-top: 0; margin-bottom: 0" align="center">&nbsp;</p>



<p style="margin-top: 0; margin-bottom: 0" align="center"><b>FORM S-8</b></p>

<p style="margin-top: 0; margin-bottom: 0" align="center"><b>REGISTRATION STATEMENT UNDER</b></p>

<p style="margin-top: 0; margin-bottom: 0" align="center"><b>THE SECURITIES ACT OF 1933</b></p>

<p style="margin-top: 0; margin-bottom: 0" align="center"><b>_____________________</b></p>



<p style="margin-top: 0; margin-bottom: 0" align="center">&nbsp;</p>



<p style="margin-top: 0; margin-bottom: 0" align="center"><b>PARKWAY PROPERTIES, INC.</b></p>

<p style="margin-top: 0; margin-bottom: 0" align="center">(Exact Name of Registrant as
Specified in its Charter)</p>



<p style="margin-top: 0; margin-bottom: 0" align="center">&nbsp;</p>



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  <center>



<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt' align="center">
  <p style="margin-top: 0; margin-bottom: 0" align="center">Maryland</p>
  <p style="margin-top: 0; margin-bottom: 0" align="center">(State or Other
  Jurisdiction of Incorporation or Organization)</p>
  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt' align="center">
  <p style="margin-top: 0; margin-bottom: 0" align="center">74-2123597</p>
  <p style="margin-top: 0; margin-bottom: 0" align="center">(I.R.S. Employer
  Identification No.)</p>
  </td>
 </tr>
</table>



  </center>
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<p style="margin-top: 0; margin-bottom: 0" align="center">&nbsp;</p>



<p style="margin-top: 0; margin-bottom: 0" align="center">One Jackson Place, Suite
  1000</p>

<p style="margin-top: 0; margin-bottom: 0" align="center">188 East Capitol Street</p>

<p style="margin-top: 0; margin-bottom: 0" align="center">Jackson, Mississippi 39201</p>

<p style="margin-top: 0; margin-bottom: 0" align="center">&nbsp;(Address of Principal
Executive Offices, including Zip Code)</p>

<p style="margin-top: 0; margin-bottom: 0" align="center">_____________________</p>



<p style="margin-top: 0; margin-bottom: 0" align="center">&nbsp;</p>



<p style="margin-top: 0; margin-bottom: 0" align="center">Parkway Properties, Inc. 2006
Employee Stock Purchase Plan</p>

<p style="margin-top: 0; margin-bottom: 0" align="center">&nbsp;(Full Title of the Plan)</p>

<p style="margin-top: 0; margin-bottom: 0" align="center">_____________________</p>



<p style="margin-top: 0; margin-bottom: 0" align="center">&nbsp;</p>



<p style="margin-top: 0; margin-bottom: 0" align="center">Steven G. Rogers, Chief Executive
Officer and President</p>

<p style="margin-top: 0; margin-bottom: 0" align="center">One Jackson Place, Suite
  1000</p>

<p style="margin-top: 0; margin-bottom: 0" align="center">188 East Capitol Street</p>

<p style="margin-top: 0; margin-bottom: 0" align="center">Jackson, Mississippi &nbsp;39201</p>

<p style="margin-top: 0; margin-bottom: 0" align="center">(Name and Address of Agent
for Service)</p>



<p style="margin-top: 0; margin-bottom: 0" align="center">&nbsp;</p>



<p style="margin-top: 0; margin-bottom: 0" align="center">(601) 948-4091</p>

<p style="margin-top: 0; margin-bottom: 0" align="center">(Telephone Number, Including
Area Code, of Agent for Service)</p>

<p style="margin-top: 0; margin-bottom: 0" align="center">_____________________</p>



<p style="margin-top: 0; margin-bottom: 0" align="center">&nbsp;</p>



<p style="margin-top: 0; margin-bottom: 0" align="center">Copy to:</p>

<p style="margin-top: 0; margin-bottom: 0" align="center">Joseph P. Kubarek, Esq.</p>

<p style="margin-top: 0; margin-bottom: 0" align="center">Jaeckle Fleischmann &amp;
Mugel, LLP</p>

<p style="margin-top: 0; margin-bottom: 0" align="center">12 Fountain Plaza</p>

<p style="margin-top: 0; margin-bottom: 0" align="center">Buffalo, New York&nbsp; 14202</p>

<p style="margin-top: 0; margin-bottom: 0" align="center">(716) 856-0600</p>

<p style="margin-top: 0; margin-bottom: 0" align="center">_____________________</p>



<p style="margin-top: 0; margin-bottom: 0" align="center">&nbsp;</p>



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<p style="margin-top: 0; margin-bottom: 0" align="center"><b>CALCULATION OF REGISTRATION FEE</b></p>












<p style="margin-top: 0; margin-bottom: 0" align="center">&nbsp;</p>



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  <center>



<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=655
 style='width:491.4pt;border-collapse:collapse'>
 <tr>
  <td width=139 valign=top style='width:1.45in;padding:0in 5.4pt 0in 5.4pt'>

  <p align=left style='text-align:left; margin-top:0; margin-bottom:0'>Title of Securities</p>
  <p align=left style='text-align:left; margin-top:0; margin-bottom:0'><u>to be Registered</u></p>
  </td>
  <td width=108 valign=top style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt' align="center">

  <p style="margin-top: 0; margin-bottom: 0">Amount to</p>
  <p style="margin-top: 0; margin-bottom: 0"><u>be Registered </u></p>
  </td>
  <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt' align="center">
  <p style="margin-top: 0; margin-bottom: 0">Proposed </p>
  <p style="margin-top: 0; margin-bottom: 0">Maximum Offering</p>
  <p style="margin-top: 0; margin-bottom: 0"><u>Price Per Share (1)</u></p>
  </td>
  <td width=156 valign=top style='width:117.0pt;padding:0in 5.4pt 0in 5.4pt' align="center">
  <p style="margin-top: 0; margin-bottom: 0">Proposed </p>
  <p style="margin-top: 0; margin-bottom: 0">Maximum Aggregate</p>
  <p style="margin-top: 0; margin-bottom: 0"><u>Offering Price (1)</u></p>
  </td>
  <td width=108 valign=top style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt' align="center">
  <p style="margin-top: 0; margin-bottom: 0">Amount of</p>
  <p style="margin-top: 0; margin-bottom: 0">Registration </p>
  <p style="margin-top: 0; margin-bottom: 0"><u>Fee</u></p>
  </td>
 </tr>
 <tr>
  <td width=139 valign=top style='width:1.45in;padding:0in 5.4pt 0in 5.4pt'>
  <p align=left style='text-align:left; margin-top:0; margin-bottom:0'>Common Stock, $0.001 par value per share (2)</p>
  </td>
  <td width=108 valign=top style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'>


  <p style="margin-top: 0; margin-bottom: 0" align="center">&nbsp;</p>


  <p style="margin-top: 0; margin-bottom: 0" align="center">&nbsp;</p>


  <p style="margin-top: 0; margin-bottom: 0" align="center">200,000</p>
  </td>
  <td width=144 valign=top style='width:1.5in;padding:0in 5.4pt 0in 5.4pt'>


  <p style="margin-top: 0; margin-bottom: 0" align="center">&nbsp;</p>


  <p style="margin-top: 0; margin-bottom: 0" align="center">&nbsp;</p>


  <p style="margin-top: 0; margin-bottom: 0" align="center">$39.92</p>
  </td>
  <td width=156 valign=top style='width:117.0pt;padding:0in 5.4pt 0in 5.4pt'>


  <p style="margin-top: 0; margin-bottom: 0" align="center">&nbsp;</p>


  <p style="margin-top: 0; margin-bottom: 0" align="center">&nbsp;</p>


  <p style="margin-top: 0; margin-bottom: 0" align="center">$7,984,000</p>
  </td>
  <td width=108 valign=top style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'>


  <p style="margin-top: 0; margin-bottom: 0" align="center">&nbsp;</p>


  <p style="margin-top: 0; margin-bottom: 0" align="center">&nbsp;</p>


  <p style="margin-top: 0; margin-bottom: 0" align="center">$854</p>
  </td>
 </tr>
</table>





  </center>
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<p align=left style='margin-left:1.0in;text-align:left;
text-indent:-.5in; margin-top:0; margin-bottom:0'>&nbsp;</p>





<p align=left style='margin-left:1.0in;text-align:left;
text-indent:-.5in; margin-top:0; margin-bottom:0'>(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Determined in accordance with
Rule 457(c) and 457(h)(1) under the Securities Act of 1933 based on the average
of the high&nbsp;&nbsp;&nbsp; and low reported sales prices of the Common Stock on the New York
Stock Exchange on May 11, 2006.</p>

<p align=left style='margin-left:1.0in;text-align:left;
text-indent:-.5in; margin-top:0; margin-bottom:0'>(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to Rule 416(a) under
the Securities Act of 1933, as amended, this Registration Statement also covers
an indeterminate number of additional shares that may be offered and issued to
prevent dilution resulting from stock splits, stock dividends or similar
transactions as provided in the Parkway Properties, Inc. 2006 Employee Stock
Purchase Plan.</p>



<p align=left style='margin-left:1.0in;text-align:left;
text-indent:-.5in; margin-top:0; margin-bottom:0'>&nbsp;</p>



<p style="margin-top: 0; margin-bottom: 0" align="center">
______________________________________________________________________________</p>



<p style="margin-top: 0; margin-bottom: 0" align="center">&nbsp;</p>





<p style="margin-top: 0; margin-bottom: 0">





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<p class=MsoTitle align="center"><b>EXPLANATORY NOTE</b></p>



<p class=MsoTitle style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This
Registration Statement on Form S-8 is being filed to register 200,000 shares of
common stock, par value $0.001 per share (&quot;Common Stock&quot;), of Parkway
Properties, Inc. which have been reserved for issuance under the Parkway
Properties, Inc. 2006 Employee Stock Purchase Plan. </p>



<p class=MsoTitle align="center"><b>PART I</b></p>

<p class=MsoTitle align=left style='text-align:left'><u>&nbsp;</u></p>

<p class=MsoTitle align="center"><b>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</b></p>



<p class=MsoTitle style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
documents containing the information specified in Part I will be sent or given
to participants in the plan described herein as specified by Rule 428(b)(1) of
the Securities Act of 1933, as amended (the &quot;Securities Act&quot;).&nbsp; In
accordance with the instructions to Part I of Form S&#8209;8, such documents
will not be filed with the Securities and Exchange Commission (the
&quot;Commission&quot;) either as part of this Registration Statement or as
prospectuses or prospectus supplements pursuant to Rule 424 of the Securities
Act.&nbsp; These documents and the documents incorporated by reference pursuant to
Item 3 of Part II of this Registration Statement, taken together, constitute
the prospectus as required by Section 10(a) of the Securities Act.</p>



<p class=MsoTitle align="center"><b>PART II</b></p>



<p class=MsoTitle align="center"><b>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</b></p>



<p class=MsoTitle><b>Item 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Incorporation
of Documents by Reference.</b></p>



<p class=MsoTitle style='text-align:justify;text-indent:.5in'>Parkway Properties, Inc. (the &quot;Registrant&quot;
or &quot;Parkway&quot;) hereby incorporates by reference into this Registration
Statement the following documents filed by it with the Commission:</p>



<p class=MsoTitle align=left style='margin-left:1.25in;text-align:left;
text-indent:-.25in; margin-top:0; margin-bottom:0'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our Annual Report on Form 10-K
for the year ended December 31, 2005.</p>

<p class=MsoTitle align=left style='margin-left:1.25in;text-align:left;
text-indent:-.25in; margin-top:0; margin-bottom:0'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our quarterly report on Form
10-Q for the quarterly period&nbsp;ended March 31, 2006.</p>

<p class=MsoTitle align=left style='margin-left:1.25in;text-align:left;
text-indent:-.25in; margin-top:0; margin-bottom:0'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our current report on Form 8-K
as filed with the SEC on April 7, 2006.</p>

<p class=MsoTitle align=left style='margin-left:1.25in;text-align:left;
text-indent:-.25in; margin-top:0; margin-bottom:0'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our current report on Form 8-K
as filed with the SEC on May 1, 2006 reporting under Items 1.01, 2.03 and 9.01.</p>

<p class=MsoTitle align=left style='margin-left:1.25in;text-align:left;
text-indent:-.25in; margin-top:0; margin-bottom:0'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our current report on Form 8-K
as filed with the SEC on May 1, 2006 reporting under Item 1.01.</p>

<p class=MsoTitle align=left style='margin-left:1.25in;text-align:left;
text-indent:-.25in; margin-top:0; margin-bottom:0'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our current report on Form 8-K
as filed with the SEC on May 4, 2006.</p>

<p class=MsoTitle align=left style='margin-left:1.25in;text-align:left;
text-indent:-.25in; margin-top:0; margin-bottom:0'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our current report on Form 8-K
as filed with the SEC on May 4, 2006.</p>

<p class=MsoTitle align=left style='margin-left:1.25in;text-align:left;
text-indent:-.25in; margin-top:0; margin-bottom:0'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our Registration Statement on
Form 8-A, as filed with the SEC on August 5, 1996.</p>



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<p class=MsoTitle style='text-align:justify;text-indent:.5in'>In addition, all documents filed by the Registrant
subsequent to the date hereof pursuant to Sections 13(a), 13(c), 14 and 15(d)
of the Securities Exchange Act of 1934, as amended (the &quot;Exchange
Act&quot;), and prior to the filing of a post-effective amendment which
indicates that all securities offered have been sold or which deregisters all
securities then remaining unsold, shall be deemed to be incorporated by
reference in this Registration Statement and to be part hereof from the date of
filing of such documents.&nbsp; Any statement contained in a document incorporated
or deemed to be incorporated by reference herein shall be deemed to be modified
or superseded for purposes of this Registration Statement to the extent that a
statement contained herein or in any other subsequently filed document which
also is or is deemed to be incorporated by reference herein modifies or
supersedes such statement.&nbsp; Any such statement so modified or superseded shall
not be deemed, except as so modified or superseded, to constitute a part of
this Registration Statement.</p>



<p class=MsoTitle align=left style='text-align:left'><b>Item 4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Description
of Securities.</b></p>



<p class=MsoTitle align=left style='text-align:left'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not applicable (the Common Stock is registered under
Section 12 of the Exchange Act).</p>



<p class=MsoTitle align=left style='text-align:left'><b>Item 5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Interests of Named Experts and Counsel.</b></p>



<p class=MsoTitle align=left style='text-align:left'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not applicable.</p>



<p class=MsoTitle align=left style='text-align:left'><b>Item 6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indemnification
of Directors and Officers.</b></p>



<p class=MsoNormal style='text-align:justify;text-indent:1.0in'>Parkway is
organized in the state of Maryland.&nbsp; Maryland law permits a corporation to
include in its charter a provision limiting the liability of its directors and
officers to the corporation and its stockholders for money damages, except for
liability resulting from (i) actual receipt of an improper benefit or profit in
money, property or services or (ii) active and deliberate dishonesty
established by a final judgment and which is material to the cause of action.&nbsp;
The charter of Parkway (the &quot;Charter&quot;) contains a provision which
eliminates directors' and officers' liability to the maximum extent permitted
by Maryland law.</p>



<p class=MsoNormal style='text-align:justify;text-indent:1.0in'>Maryland law
requires a corporation (unless its charter provides otherwise, which the
Charter does not) to indemnify a director or officer who has been successful in
the defense of any proceeding to which he or she is made a party by reason of
his or her service in that capacity, or in the defense of any issue, claim or
matter in such a proceeding.&nbsp; The Charter contains a provision authorizing and
requiring Parkway to indemnify, to the fullest extent permitted by Maryland
law, its directors and officers, whether serving Parkway or, at its request,
any other entity.&nbsp; </p>



<p class=MsoNormal style='text-align:justify;text-indent:1.0in'>Maryland law
permits a corporation to indemnify its present and former directors and
officers, among others, against judgments, penalties, fines, settlements and
reasonable expenses actually incurred by them in connection with any proceeding
unless it is established that:</p>



<p class=MsoNormal style='margin-left:1.25in;text-align:justify;text-indent:
-.25in;text-autospace:none'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
the act or omission was material to the matter giving rise to the
proceeding and (i) was committed in bad faith or (ii) was the result of active
and deliberate dishonesty,</p>



<p class=MsoNormal style='margin-left:1.25in;text-align:justify;text-indent:
-.25in;text-autospace:none'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
the director or officer actually received an improper personal
benefit in money, property or services, or</p>

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<p class=MsoNormal style='margin-left:1.25in;text-align:justify;text-indent:
-.25in;text-autospace:none'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
in the case of any criminal proceeding, the director or officer
had reasonable cause to believe that the act or omission was unlawful.</p>



<p class=MsoNormal style='text-align:justify;text-indent:1.0in'>A court may
order indemnification if it determines that the director or officer is fairly
and reasonably entitled to indemnification, even though the prescribed standard
of conduct is not met.&nbsp; However, indemnification for an adverse judgment in a
suit by us or in our right, or for a judgment of liability on the basis that
personal benefit was improperly received, is limited to expenses.</p>



<p class=MsoNormal style='text-align:justify;text-indent:1.0in'>In addition,
Maryland law permits us to advance reasonable expenses to a director or officer
upon receipt of (i) a written affirmation by the director or officer of his or
her good faith belief that he or she has met the standard of conduct necessary
for indemnification and (ii) a written undertaking by him or her or on his or
her behalf to repay the amount paid or reimbursed if it is ultimately
determined that the standard of conduct was not met.</p>



<p class=MsoNormal style='text-align:justify;text-indent:1.0in'>Parkway has
entered into an indemnification agreement (the &quot;Indemnification Agreement&quot;)
with each of its directors and officers, and the Board of Directors has
authorized Parkway to enter into an Indemnification Agreement with each of the
future directors and officers of Parkway.&nbsp; While Maryland law permits a
corporation to indemnify its directors and officers; as described above, it
also authorizes other arrangements for indemnification of directors and
officers, including insurance.&nbsp; The Indemnification Agreement is intended to
provide indemnification to the maximum extent allowed by the laws of the State
of Maryland.</p>



<p class=MsoNormal style='text-align:justify;text-indent:1.0in'>The
Indemnification Agreement provides that Parkway shall indemnify a director or
officer who is a party to the Agreement (the &quot;Indemnitee&quot;) if he or
she was or is a party to or otherwise involved in any proceeding by reason of
the fact that he or she was or is a director or officer of Parkway, or was or
is serving at its request in a certain capacity of another entity, against
losses incurred in connection with the defense or settlement of such
proceeding.&nbsp; The provisions in the Indemnification Agreement are similar to those
provided for under Maryland law.&nbsp; According to the Indemnification Agreement,
however, an Indemnitee who pays any amount in settlement of a proceeding
without Parkway's written consent is not entitled to indemnification.</p>



<p class=MsoTitle align=left style='text-align:left'><b>Item 7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exemption
From Registration Claimed.</b></p>



<p class=MsoTitle align=left style='text-align:left'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not applicable.</p>



<p class=MsoTitle align=left style='text-align:left'><b>Item 8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits.</b></p>



<p class=MsoTitle align=left style='text-align:left'><u>Exhibit Number</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Description</u></p>



<p class=MsoTitle style='margin-left:1.5in;text-align:justify;text-indent:-1.5in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Opinion of
Jaeckle Fleischmann &amp; Mugel, LLP as to the legality of the securities being
registered (filed herewith).</p>



<p class=MsoTitle align=left style='margin-left:1.5in;text-align:left;
text-indent:-1.5in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consent
of Ernst &amp; Young LLP (filed herewith).</p>

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<p class=MsoTitle align=left style='margin-left:1.5in;text-align:left;
text-indent:-1.5in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consent of Jaeckle
Fleischmann &amp; Mugel, LLP (included in Exhibit 5).</p>



<p class=MsoTitle align=left style='margin-left:1.5in;text-align:left;
text-indent:-1.5in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Power
of Attorney (included on signature page).</p>



<p class=MsoTitle style='margin-left:1.5in;text-align:justify;text-indent:-1.5in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Parkway
Properties, Inc. 2006 Employee Stock Purchase Plan (incorporated by reference
to Appendix A of Parkway's Proxy Statement dated April 3, 2006).</p>



<p class=MsoTitle align=left style='text-align:left'><b>Item 9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Undertakings.</b></p>



<p class=MsoTitle align=left style='text-align:left'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The undersigned Registrant hereby undertakes:</p>



<p class=MsoTitle style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To
file, during any period in which offers or sales are being made, a
post-effective amendment to this Registration Statement:</p>



<p class=MsoTitle style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To
include any prospectus required by Section 10(a)(3) of the Securities Act;</p>



<p class=MsoTitle style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To
reflect in the prospectus any facts or events arising after the effective date
of this Registration Statement (or the most recent post-effective amendment
thereof) which, individually or in the aggregate, represent a fundamental
change in the information set forth in this Registration Statement.&nbsp;
Notwithstanding the foregoing, any increase or decrease in volume of securities
offered (if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of prospectus
filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume and price represent no more than a 20 percent change in the
maximum aggregate offering price set forth in the &quot;Calculation of
Registration Fee&quot; table in the effective registration statement; and</p>



<p class=MsoTitle style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To
include any material information with respect to the plan of distribution not
previously disclosed in the Registration Statement or any material change to
such information in the Registration Statement;</p>



<p class=MsoTitle style='text-align:justify'><i>provided,
however,</i> that paragraphs (a)(1)(i)
and (a)(1)(ii) do not apply if the information required to be included in a
post-effective amendment by those paragraphs is contained in periodic reports
filed with or furnished to the Commission by the Registrant pursuant to Section
13 or Section 15(d) of the Exchange Act that are incorporated by reference in
the Registration Statement.</p>



<p class=MsoTitle style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; That,
for the purpose of determining any liability under the Securities Act, each
such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial <i>bona fide</i> offering
thereof.</p>



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<p class=MsoTitle style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To
remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the
offering.</p>



<p class=MsoTitle style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; That,
for the purpose of determining liability of Registrant under the Securities Act
to any purchaser in the initial distribution of the securities in a primary
offering of securities of the Registrant pursuant to this Registration
Statement, regardless of the underwriting method used to sell the securities to
the purchaser, if the securities are offered or sold to such purchaser by means
of any of the following communications, the Registrant will be a seller to the
purchaser and will be considered to offer or sell such securities to such
purchaser:</p>



<p class=MsoTitle style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (i)
Any preliminary prospectus or prospectus of the Registrant relating to the
offering required to be filed pursuant to Rule 424;</p>



<p class=MsoTitle style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ii)&nbsp;
Any free writing prospectus relating to the offering prepared by or on behalf
of the Registrant or used or referred to by the Registrant;</p>



<p class=MsoTitle style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (iii)&nbsp;
The portion of any other free writing prospectus relating to the offering
containing material information about the Registrant or its securities provided
by or on behalf of the undersigned registrant; and</p>



<p class=MsoTitle style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (iv)&nbsp;
Any other communication that is an offer in the offering made by the Registrant
to the purchaser.</p>



<p class=MsoTitle style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
undersigned Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the Registrant's annual
report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and,
where applicable, each filing of an employee benefit plan's annual report
pursuant to Section 15(d) of the Exchange Act) that is incorporated by
reference in the Registration Statement shall be deemed to be a new
registration statement relating to the securities offered herein, and the
offering of such securities at that time shall be deemed to be the initial <i>bona
fide</i> offering thereof.</p>



<p class=MsoTitle style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insofar
as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the Registrant
pursuant to the foregoing provisions, or otherwise, the Registrant has been
advised that in the opinion of the Commission such indemnification is against public
policy as expressed in the Securities Act and is, therefore, unenforceable.&nbsp; In
the event that a claim for indemnification against such liabilities (other than
the payment by the Registrant of expenses incurred or paid by a director,
officer or controlling person of the Registrant in the successful defense of
any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the
Registrant will, unless in the opinion of&nbsp; its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as
expressed in the Securities Act and will be governed by the final adjudication
of such issue.</p>

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<p class=MsoTitle align="center"><b>SIGNATURES</b></p>



<p class=MsoTitle style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant
to the requirements of the Securities Act of 1933, the Registrant certifies
that it has reasonable grounds to believe that it meets all of the requirements
for filing on Form S-8 and has duly caused this Registration Statement to be
signed on its behalf by the undersigned, thereunto duly authorized, in the City
of Jackson, State of Mississippi, on May 12, 2006.</p>



<p class=MsoTitle align=left style='text-align:left'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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=MsoTitle align=left style='text-align:left; 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; By:
&nbsp;<u>/s/ William R. Flatt_____________</u></p>

<p class=MsoTitle align=left style='text-align:left; 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; William
R. Flatt</p>

<p class=MsoTitle align=left style='text-align:left; 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; Chief
Financial Officer</p>





<p class=MsoTitle align="center"><b>POWERS OF ATTORNEY</b></p>



<p class=MsoTitle style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; We,
the undersigned directors and officers of Parkway Properties, Inc., a Maryland
corporation, do hereby constitute and appoint Steven G. Rogers and William R.
Flatt, and each and either of them, our true and lawful attorneys-in-fact and
agents, with full power of substitution and resubstitution, to do any and all
acts and things in our names and on our behalf in our capacities as directors
and officers and to execute any and all instruments for us and in our name in
the capacities indicated below, which said attorneys and agents may deem
necessary or advisable to enable said corporation to comply with the Securities
Act of 1933 and any rules, regulations and requirements of the Securities and
Exchange Commission, in connection with this registration statement, or any
registration statement for this offering that is to be effective upon filing
pursuant to Rule 462(b) under the Securities Act of 1933, including
specifically, but without limitation, any and all amendments (including
post-effective amendments) hereto; and we hereby ratify and confirm all that
said attorneys and agents, or either of them, shall do or cause to be done by
virtue thereof.</p>

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<p class=MsoTitle style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement
has been signed by the following persons in the capacities indicated as of the 12th
day of May 2006.</p>



<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle align="center"><u>Signature</u></p>
  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle align="center"><u>Title</u></p>
  <p class=MsoTitle><u>&nbsp;</u></p>
  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'><u>/s/ Leland R. Speed___________________</u></p>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>Leland R. Speed</p>

  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>&nbsp;</p>

  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>Director and Chairman of the Board </p>

  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'><u>/s/ Steven G. Rogers</u>__________________</p>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>Steven G. Rogers</p>
  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>Chief Executive Officer, President and Director </p>

  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>&nbsp;</p>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'><u>/s/ William R. Flatt</u>___________________</p>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>William R. Flatt</p>
  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>Chief Financial Officer </p>


  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>&nbsp;</p>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'><u>/s/ Mandy M. Pope</u>___________________</p>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>Mandy M. Pope</p>
  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>Controller </p>


  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>&nbsp;</p>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'><u>/s/ Daniel P. Friedman</u>________________</p>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>Daniel P. Friedman</p>

  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>Director</p>
  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>&nbsp;</p>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'><u>/s/ Roger P. Friou</u>____________________</p>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>Roger P. Friou</p>

  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>Director</p>
  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>&nbsp;</p>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'><u>/s/ Martin L. Garcia</u>__________________</p>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>Martin L. Garcia</p>
  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>Director</p>


  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>&nbsp;</p>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'><u>/s/ Matthew W. Kaplan</u>_______________</p>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>Matthew W. Kaplan</p>
  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>Director</p>


  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>&nbsp;</p>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'><u>/s/ Michael J. Lipsey</u>_________________</p>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>Michael J. Lipsey</p>
  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>Director</p>


  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>&nbsp;</p>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'><u>/s/ Joe F. Lynch</u>_____________________</p>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>Joe F. Lynch</p>
  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>Director</p>


  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>&nbsp;</p>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'><u>/s/ Lenore M. Sullivan</u>________________</p>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>Lenore M. Sullivan</p>
  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoTitle align=left style='text-align:left; margin-top:0; margin-bottom:0'>Director</p>
  </td>
 </tr>
</table>



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<p class=MsoTitle align="center"><b>EXHIBIT INDEX</b></p>





<p class=MsoTitle align=left style='text-align:left'><u>Exhibit Number</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Description</u></p>



<p class=MsoTitle style='margin-left:1.5in;text-align:justify;text-indent:-1.5in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Opinion of
Jaeckle Fleischmann &amp; Mugel, LLP as to the legality of the securities being
registered (filed herewith).</p>



<p class=MsoTitle align=left style='margin-left:1.5in;text-align:left;
text-indent:-1.5in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consent
of Ernst &amp; Young LLP (filed herewith).</p>



<p class=MsoTitle align=left style='margin-left:1.5in;text-align:left;
text-indent:-1.5in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consent of Jaeckle
Fleischmann &amp; Mugel, LLP (included in Exhibit 5).</p>



<p class=MsoTitle align=left style='margin-left:1.5in;text-align:left;
text-indent:-1.5in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Power
of Attorney (included on signature page).</p>



<p class=MsoTitle style='margin-left:1.5in;text-align:justify;text-indent:-1.5in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Parkway's 2006 Employee
Stock Purchase Plan (incorporated by reference to Appendix A of Parkway's Proxy
Statement dated April 3, 2006).</p>





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{"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": "S-8", "act": "33", "file-number": "333-134069", "film-number": "06835046"}, "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"}}
As filed with the Securities and Exchange Commission on March 29, 2002
As filed with the
Securities and Exchange Commission on May 12, 2006
Registration
No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
_____________________
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
_____________________
PARKWAY PROPERTIES, INC.
(Exact Name of Registrant as
Specified in its Charter)
Maryland
(State or Other
  Jurisdiction of Incorporation or Organization)
74-2123597
(I.R.S. Employer
  Identification No.)
One Jackson Place, Suite
  1000
188 East Capitol Street
Jackson, Mississippi 39201
(Address of Principal
Executive Offices, including Zip Code)
_____________________
Parkway Properties, Inc. 2006
Employee Stock Purchase Plan
(Full Title of the Plan)
_____________________
Steven G. Rogers, Chief Executive
Officer and President
One Jackson Place, Suite
  1000
188 East Capitol Street
Jackson, Mississippi  39201
(Name and Address of Agent
for Service)
(601) 948-4091
(Telephone Number, Including
Area Code, of Agent for Service)
_____________________
Copy to:
Joseph P. Kubarek, Esq.
Jaeckle Fleischmann &
Mugel, LLP
12 Fountain Plaza
Buffalo, New York  14202
(716) 856-0600
_____________________
CALCULATION OF REGISTRATION FEE
Title of Securities
to be Registered
Amount to
be Registered
Proposed
Maximum Offering
Price Per Share (1)
Proposed
Maximum Aggregate
Offering Price (1)
Amount of
Registration
Fee
Common Stock, $0.001 par value per share (2)
200,000
$39.92
$7,984,000
$854
(1)       Determined in accordance with
Rule 457(c) and 457(h)(1) under the Securities Act of 1933 based on the average
of the high    and low reported sales prices of the Common Stock on the New York
Stock Exchange on May 11, 2006.
(2)       Pursuant to Rule 416(a) under
the Securities Act of 1933, as amended, this Registration Statement also covers
an indeterminate number of additional shares that may be offered and issued to
prevent dilution resulting from stock splits, stock dividends or similar
transactions as provided in the Parkway Properties, Inc. 2006 Employee Stock
Purchase Plan.
______________________________________________________________________________
Page 2 of 10
EXPLANATORY NOTE
This
Registration Statement on Form S-8 is being filed to register 200,000 shares of
common stock, par value $0.001 per share ("Common Stock"), of Parkway
Properties, Inc. which have been reserved for issuance under the Parkway
Properties, Inc. 2006 Employee Stock Purchase Plan.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The
documents containing the information specified in Part I will be sent or given
to participants in the plan described herein as specified by Rule 428(b)(1) of
the Securities Act of 1933, as amended (the "Securities Act").  In
accordance with the instructions to Part I of Form S‑8, such documents
will not be filed with the Securities and Exchange Commission (the
"Commission") either as part of this Registration Statement or as
prospectuses or prospectus supplements pursuant to Rule 424 of the Securities
Act.  These documents and the documents incorporated by reference pursuant to
Item 3 of Part II of this Registration Statement, taken together, constitute
the prospectus as required by Section 10(a) of the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.                        Incorporation
of Documents by Reference.
Parkway Properties, Inc. (the "Registrant"
or "Parkway") hereby incorporates by reference into this Registration
Statement the following documents filed by it with the Commission:
•       
Our Annual Report on Form 10-K
for the year ended December 31, 2005.
•       
Our quarterly report on Form
10-Q for the quarterly period ended March 31, 2006.
•       
Our current report on Form 8-K
as filed with the SEC on April 7, 2006.
•       
Our current report on Form 8-K
as filed with the SEC on May 1, 2006 reporting under Items 1.01, 2.03 and 9.01.
•       
Our current report on Form 8-K
as filed with the SEC on May 1, 2006 reporting under Item 1.01.
•       
Our current report on Form 8-K
as filed with the SEC on May 4, 2006.
•       
Our current report on Form 8-K
as filed with the SEC on May 4, 2006.
•       
Our Registration Statement on
Form 8-A, as filed with the SEC on August 5, 1996.
Page 3 of 10
In addition, all documents filed by the Registrant
subsequent to the date hereof pursuant to Sections 13(a), 13(c), 14 and 15(d)
of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), and prior to the filing of a post-effective amendment which
indicates that all securities offered have been sold or which deregisters all
securities then remaining unsold, shall be deemed to be incorporated by
reference in this Registration Statement and to be part hereof from the date of
filing of such documents.  Any statement contained in a document incorporated
or deemed to be incorporated by reference herein shall be deemed to be modified
or superseded for purposes of this Registration Statement to the extent that a
statement contained herein or in any other subsequently filed document which
also is or is deemed to be incorporated by reference herein modifies or
supersedes such statement.  Any such statement so modified or superseded shall
not be deemed, except as so modified or superseded, to constitute a part of
this Registration Statement.
Item 4.                        Description
of Securities.
Not applicable (the Common Stock is registered under
Section 12 of the Exchange Act).
Item 5.                       
Interests of Named Experts and Counsel.
Not applicable.
Item 6.                        Indemnification
of Directors and Officers.
Parkway is
organized in the state of Maryland.  Maryland law permits a corporation to
include in its charter a provision limiting the liability of its directors and
officers to the corporation and its stockholders for money damages, except for
liability resulting from (i) actual receipt of an improper benefit or profit in
money, property or services or (ii) active and deliberate dishonesty
established by a final judgment and which is material to the cause of action. 
The charter of Parkway (the "Charter") contains a provision which
eliminates directors' and officers' liability to the maximum extent permitted
by Maryland law.
Maryland law
requires a corporation (unless its charter provides otherwise, which the
Charter does not) to indemnify a director or officer who has been successful in
the defense of any proceeding to which he or she is made a party by reason of
his or her service in that capacity, or in the defense of any issue, claim or
matter in such a proceeding.  The Charter contains a provision authorizing and
requiring Parkway to indemnify, to the fullest extent permitted by Maryland
law, its directors and officers, whether serving Parkway or, at its request,
any other entity.
Maryland law
permits a corporation to indemnify its present and former directors and
officers, among others, against judgments, penalties, fines, settlements and
reasonable expenses actually incurred by them in connection with any proceeding
unless it is established that:
•       
the act or omission was material to the matter giving rise to the
proceeding and (i) was committed in bad faith or (ii) was the result of active
and deliberate dishonesty,
•       
the director or officer actually received an improper personal
benefit in money, property or services, or
Page 4 of 10
•       
in the case of any criminal proceeding, the director or officer
had reasonable cause to believe that the act or omission was unlawful.
A court may
order indemnification if it determines that the director or officer is fairly
and reasonably entitled to indemnification, even though the prescribed standard
of conduct is not met.  However, indemnification for an adverse judgment in a
suit by us or in our right, or for a judgment of liability on the basis that
personal benefit was improperly received, is limited to expenses.
In addition,
Maryland law permits us to advance reasonable expenses to a director or officer
upon receipt of (i) a written affirmation by the director or officer of his or
her good faith belief that he or she has met the standard of conduct necessary
for indemnification and (ii) a written undertaking by him or her or on his or
her behalf to repay the amount paid or reimbursed if it is ultimately
determined that the standard of conduct was not met.
Parkway has
entered into an indemnification agreement (the "Indemnification Agreement")
with each of its directors and officers, and the Board of Directors has
authorized Parkway to enter into an Indemnification Agreement with each of the
future directors and officers of Parkway.  While Maryland law permits a
corporation to indemnify its directors and officers; as described above, it
also authorizes other arrangements for indemnification of directors and
officers, including insurance.  The Indemnification Agreement is intended to
provide indemnification to the maximum extent allowed by the laws of the State
of Maryland.
The
Indemnification Agreement provides that Parkway shall indemnify a director or
officer who is a party to the Agreement (the "Indemnitee") if he or
she was or is a party to or otherwise involved in any proceeding by reason of
the fact that he or she was or is a director or officer of Parkway, or was or
is serving at its request in a certain capacity of another entity, against
losses incurred in connection with the defense or settlement of such
proceeding.  The provisions in the Indemnification Agreement are similar to those
provided for under Maryland law.  According to the Indemnification Agreement,
however, an Indemnitee who pays any amount in settlement of a proceeding
without Parkway's written consent is not entitled to indemnification.
Item 7.                        Exemption
From Registration Claimed.
Not applicable.
Item 8.                        Exhibits.
Exhibit Number
Description
5                      Opinion of
Jaeckle Fleischmann & Mugel, LLP as to the legality of the securities being
registered (filed herewith).
23.1                 Consent
of Ernst & Young LLP (filed herewith).
Page 5 of 10
23.2                 Consent of Jaeckle
Fleischmann & Mugel, LLP (included in Exhibit 5).
24                    Power
of Attorney (included on signature page).
99                    Parkway
Properties, Inc. 2006 Employee Stock Purchase Plan (incorporated by reference
to Appendix A of Parkway's Proxy Statement dated April 3, 2006).
Item 9.                        Undertakings.
(a)        The undersigned Registrant hereby undertakes:
(1)        To
file, during any period in which offers or sales are being made, a
post-effective amendment to this Registration Statement:
(i)         To
include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii)        To
reflect in the prospectus any facts or events arising after the effective date
of this Registration Statement (or the most recent post-effective amendment
thereof) which, individually or in the aggregate, represent a fundamental
change in the information set forth in this Registration Statement. 
Notwithstanding the foregoing, any increase or decrease in volume of securities
offered (if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of prospectus
filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume and price represent no more than a 20 percent change in the
maximum aggregate offering price set forth in the "Calculation of
Registration Fee" table in the effective registration statement; and
(iii)       To
include any material information with respect to the plan of distribution not
previously disclosed in the Registration Statement or any material change to
such information in the Registration Statement;
provided,
however,
that paragraphs (a)(1)(i)
and (a)(1)(ii) do not apply if the information required to be included in a
post-effective amendment by those paragraphs is contained in periodic reports
filed with or furnished to the Commission by the Registrant pursuant to Section
13 or Section 15(d) of the Exchange Act that are incorporated by reference in
the Registration Statement.
(2)        That,
for the purpose of determining any liability under the Securities Act, each
such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial
bona fide
offering
thereof.
Page 6 of 10
(3)        To
remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the
offering.
(4)        That,
for the purpose of determining liability of Registrant under the Securities Act
to any purchaser in the initial distribution of the securities in a primary
offering of securities of the Registrant pursuant to this Registration
Statement, regardless of the underwriting method used to sell the securities to
the purchaser, if the securities are offered or sold to such purchaser by means
of any of the following communications, the Registrant will be a seller to the
purchaser and will be considered to offer or sell such securities to such
purchaser:
(i)
Any preliminary prospectus or prospectus of the Registrant relating to the
offering required to be filed pursuant to Rule 424;
(ii) 
Any free writing prospectus relating to the offering prepared by or on behalf
of the Registrant or used or referred to by the Registrant;
(iii) 
The portion of any other free writing prospectus relating to the offering
containing material information about the Registrant or its securities provided
by or on behalf of the undersigned registrant; and
(iv) 
Any other communication that is an offer in the offering made by the Registrant
to the purchaser.
(b)        The
undersigned Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the Registrant's annual
report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and,
where applicable, each filing of an employee benefit plan's annual report
pursuant to Section 15(d) of the Exchange Act) that is incorporated by
reference in the Registration Statement shall be deemed to be a new
registration statement relating to the securities offered herein, and the
offering of such securities at that time shall be deemed to be the initial
bona
fide
offering thereof.
(c)        Insofar
as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the Registrant
pursuant to the foregoing provisions, or otherwise, the Registrant has been
advised that in the opinion of the Commission such indemnification is against public
policy as expressed in the Securities Act and is, therefore, unenforceable.  In
the event that a claim for indemnification against such liabilities (other than
the payment by the Registrant of expenses incurred or paid by a director,
officer or controlling person of the Registrant in the successful defense of
any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the
Registrant will, unless in the opinion of  its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as
expressed in the Securities Act and will be governed by the final adjudication
of such issue.
Page 7 of 10
SIGNATURES
Pursuant
to the requirements of the Securities Act of 1933, the Registrant certifies
that it has reasonable grounds to believe that it meets all of the requirements
for filing on Form S-8 and has duly caused this Registration Statement to be
signed on its behalf by the undersigned, thereunto duly authorized, in the City
of Jackson, State of Mississippi, on May 12, 2006.
PARKWAY
PROPERTIES, INC.
By:
/s/ William R. Flatt_____________
William
R. Flatt
Chief
Financial Officer
POWERS OF ATTORNEY
We,
the undersigned directors and officers of Parkway Properties, Inc., a Maryland
corporation, do hereby constitute and appoint Steven G. Rogers and William R.
Flatt, and each and either of them, our true and lawful attorneys-in-fact and
agents, with full power of substitution and resubstitution, to do any and all
acts and things in our names and on our behalf in our capacities as directors
and officers and to execute any and all instruments for us and in our name in
the capacities indicated below, which said attorneys and agents may deem
necessary or advisable to enable said corporation to comply with the Securities
Act of 1933 and any rules, regulations and requirements of the Securities and
Exchange Commission, in connection with this registration statement, or any
registration statement for this offering that is to be effective upon filing
pursuant to Rule 462(b) under the Securities Act of 1933, including
specifically, but without limitation, any and all amendments (including
post-effective amendments) hereto; and we hereby ratify and confirm all that
said attorneys and agents, or either of them, shall do or cause to be done by
virtue thereof.
Page 8 of 10
Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement
has been signed by the following persons in the capacities indicated as of the 12th
day of May 2006.
Signature
Title
/s/ Leland R. Speed___________________
Leland R. Speed
Director and Chairman of the Board
/s/ Steven G. Rogers
__________________
Steven G. Rogers
Chief Executive Officer, President and Director
/s/ William R. Flatt
___________________
William R. Flatt
Chief Financial Officer
/s/ Mandy M. Pope
___________________
Mandy M. Pope
Controller
/s/ Daniel P. Friedman
________________
Daniel P. Friedman
Director
/s/ Roger P. Friou
____________________
Roger P. Friou
Director
/s/ Martin L. Garcia
__________________
Martin L. Garcia
Director
/s/ Matthew W. Kaplan
_______________
Matthew W. Kaplan
Director
/s/ Michael J. Lipsey
_________________
Michael J. Lipsey
Director
/s/ Joe F. Lynch
_____________________
Joe F. Lynch
Director
/s/ Lenore M. Sullivan
________________
Lenore M. Sullivan
Director
Page 9 of 10
EXHIBIT INDEX
Exhibit Number
Description
5                      Opinion of
Jaeckle Fleischmann & Mugel, LLP as to the legality of the securities being
registered (filed herewith).
23.1                 Consent
of Ernst & Young LLP (filed herewith).
23.2                 Consent of Jaeckle
Fleischmann & Mugel, LLP (included in Exhibit 5).
24                    Power
of Attorney (included on signature page).
99                    Parkway's 2006 Employee
Stock Purchase Plan (incorporated by reference to Appendix A of Parkway's Proxy
Statement dated April 3, 2006).
Page 10 of 10