SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Parkway Properties Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
70159Q104
(CUSIP Number)
December 31, 1998
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
Check the following box if a fee is being paid with this statement [X]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 (the "Act") or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 5 pages
<PAGE>
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CUSIP No. 70159Q104
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13G
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
Perkins, Wolf, McDonnell & Company
ID No. 36-3099763
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
---------------------------------------------------------------------
N/A
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(SEE INSTRUCTIONS)
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY (a) [ ]
(b) [ ]
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ---------- ---------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
NUMBER OF SHARES
BENEFICIALLY OWNED BY
EACH REPORTING PERSON
WITH
- ---------------------------
6 SHARED VOTING POWER
676,800
- --------------------------- ---- -----------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
- --------------------------- ---- -----------------------------------------------
8 SHARED DISPOSITIVE POWER
676,800
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
676,800
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.38%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
- ---------- ---------------------------------------------------------------------
Page 2 of 5 pages
<PAGE>
Item 1(a). Name of Issuer:
Parkway Properties Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
1 Jackson Place
Jackson, MS
Item 2(a). Name of Person Filing:
Perkins, Wolf, McDonnell & Company
Item 2(b). Address of Principal Business Office or, if None, Residence:
53 W. Jackson Blvd., Suite 722
Chicago, IL 60604
Item 2(c). Citizenship:
Delaware
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
70159Q104
Item 3. If This Statement is Filed Pursuant to Rules 13d-1(b) or 13d-2(b), Check
Whether the Person Filing is a:
(e) [X] Investment Adviser
Item 4. Ownership:
(a) Amount Beneficially Owned: 676,800
(b) Percent of Class: 6.38%
Page 3 of 5 pages
<PAGE>
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote - -0-
(ii) shared power to vote or to direct the vote - 676,800
(iii) sole power to dispose or to direct the disposition of - -0-
(iv) shared power to dispose or to direct the disposition of - 676,800
Item 5. Ownership of Five Percent or Less of a Class:
N/A
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
N/A
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding
Company:
N/A
Item 8. Identification and Classification of Members of the Group:
N/A
Item 9. Notice of Dissolution of Group:
N/A
Item 10. Certification:
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired in the ordinary course of business
and were not acquired for the purpose of and do not have the effect of changing
or influencing the control of the issuer of such securities and were not
acquired in connection with or as a participant in any transaction having such
purposes or effect
Page 4 of 5 pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: March 19, 1999
/s/ Gregory E. Wolf
Gregory E. Wolf
Page 5 of 5 pages
