UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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): Jan. 15, 1997
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PARKWAY PROPERTIES, INC.
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(Exact name of Registrant as specified in its charter)
Maryland 1-11533 74-2123597
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification
incorporation) Number)
300 One Jackson Place, 188 E. Capitol St., Jackson, MS 39201
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (601) 948-4091
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(Former name or former address, if changed since last report)
FORM 8-K
PARKWAY PROPERTIES, INC.
Item 5. Other Events
On January 22, 1997, Parkway Properties, Inc.
closed its previously announced sale of 1,750,000
shares of its Common Stock under its existing shelf
registration statement at a purchase price of $27.00
per share. The shares were sold with PaineWebber
Incorporated acting as sole underwriter for the
offering. The net proceeds of the offering
(approximately $44,700,000 net of commissions and
expenses) will be used for general corporate purposes,
including the repayment of outstanding variable rate
indebtedness and for the purchase of office properties.
Following this transaction, the Company had 6,016,836
shares of Common Stock outstanding.
FORM 8-K
PARKWAY PROPERTIES, INC.
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: January 27, 1997 PARKWAY PROPERTIES, INC.
BY: /s/ Sarah P. Clark
Sarah P. Clark
Vice President, Chief Financial
Officer, Treasurer and Secretary