Heistand James R

Row 1 · 2016-10-06 · Grant · Acquired 93,331 · Balance 1,687,124

F1: On October 6, 2016, immediately prior to the effective time of the merger of the Company with and into a subsidiary of Cousins Properties Incorporated ("Cousins") and pursuant to the agreement and plan of merger, dated as of April 28, 2016, by and among the Company, Parkway Properties LP (the "Operating Partnership"), Cousins and Clinic Sub Inc., a wholly owned subsidiary of Cousins (the "Merger Agreement"), 93,331 LTIPs held by the reporting person were forfeited in exchange for restricted stock units of the Company.

Row 2 · 2016-10-06 · Tax withholding · Disposed 51,780 · Balance 1,635,344

F2: On October 6, 2016, 146,453 restricted share units vested and the reporting person instructed the company to withhold 51,780 shares to cover tax withholding obligations as permitted under the Parkway Properties, Inc. and Parkway Properties LP 2015 Omnibus Equity Incentive Plan.

Row 3 · 2016-10-06 · Disposition to issuer · Disposed 1,635,344 · Balance 0

F3: Disposed of pursuant to the Merger Agreement in exchange for Cousins common stock and restricted stock units of Cousins (the "Cousins RSUs"), and cash in lieu of fractional shares. Pursuant to the Employee Matters Agreement by and between the Company, Cousins, Parkway, Inc. and affiliated parties, on the business day following the merger, the Cousins RSUs held by the reporting person will be converted into restricted stock units of Parkway, Inc.

Row 4 · 2016-10-06 · Disposition to issuer · Disposed 29,916 · Balance 0

F3: Disposed of pursuant to the Merger Agreement in exchange for Cousins common stock and restricted stock units of Cousins (the "Cousins RSUs"), and cash in lieu of fractional shares. Pursuant to the Employee Matters Agreement by and between the Company, Cousins, Parkway, Inc. and affiliated parties, on the business day following the merger, the Cousins RSUs held by the reporting person will be converted into restricted stock units of Parkway, Inc.

F4: The reporting person disclaimed beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person was the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

Row 5 · 2016-10-06 · Disposition to issuer · Disposed 45,000 · Balance 0

F3: Disposed of pursuant to the Merger Agreement in exchange for Cousins common stock and restricted stock units of Cousins (the "Cousins RSUs"), and cash in lieu of fractional shares. Pursuant to the Employee Matters Agreement by and between the Company, Cousins, Parkway, Inc. and affiliated parties, on the business day following the merger, the Cousins RSUs held by the reporting person will be converted into restricted stock units of Parkway, Inc.

F4: The reporting person disclaimed beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person was the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

Row 6 · 2016-10-06 · Disposition to issuer · Disposed 712,500 · Balance 0

F6: This option was assumed by Cousins pursuant to the Merger Agreement and was replaced with an option to purchase 1,161,375 shares of Cousins common stock for $10.56 per share (the "Cousins Options"). Pursuant to the Employee Matters Agreement by and between the Company, Cousins, Parkway, Inc. and affiliated parties, on the business day following the merger, the Cousins Options will be converted into options to purchase shares of Parkway, Inc. common stock.

F5: The initial grant of 950,000 options vested in four equal installments beginning on March 2, 2014.

Row 7 · 2016-10-06 · Conversion · Disposed 68,400 · Balance 0

F7: Represented performance-based LTIP units that provided for vesting based on the attainment of targets for total return to stockholders during the performance period running from February 18, 2016 to February 17, 2019 (the "2016 LTIPs"), subject to the executive's continued employment with the Company. Subject to the satisfaction of the vesting requirements and certain restrictions set forth in the limited partnership agreement of the Operating Partnership (the "Partnership Agreement"), each LTIP unit may be converted, at the election of the executive or the Company, into a unit of limited partnership interest in the Operating Partnership ("OP unit"). [footnote continued]

F8: [footnote continued] Each OP unit acquired upon conversion of an LTIP unit may be redeemed, at the election of the executive, for cash equal to the then fair market value of a share of Common Stock, except that the Company may, at its election, acquire each OP unit so presented for redemption for one share of Common Stock. Pursuant to the Merger Agreement and Partnership Agreement, OP units were acquired upon the conversion of the 2016 LTIPs.

Row 10 · 2016-10-06 · Disposition to issuer · Disposed 48,997 · Balance 0

F11: Forfeited in exchange for 48,997 restricted stock units of the Company immediately prior to the merger. Represented performance-based LTIP units that provided for vesting based on the attainment of targets for total return to stockholders during the performance period running from February 19, 2015 to February 18, 2018, subject to the executive's continued employment with the Company.

Row 11 · 2016-10-06 · Disposition to issuer · Disposed 44,334 · Balance 0

F12: Forfeited in exchange for 44,334 restricted stock units of the Company immediately prior to the merger. Represented performance-based LTIP units that provided for vesting based on the attainment of targets for total return to stockholders during the performance period running from March 17, 2014 to March 16, 2017, subject to the executive's continued employment with the Company.

Row 8 · 2016-10-06 · Conversion · Acquired 68,400 · Balance 68,400

F9: Pursuant to the Merger Agreement and Partnership Agreement, OP units were acquired upon the conversion of the 2016 LTIPs.

Row 9 · 2016-10-06 · Disposition to issuer · Disposed 68,400 · Balance 0

F10: The OP units will no longer be a derivative security of the Company following the effective time of the merger. Pursuant to an amendment to the Partnership Agreement, immediately following the effective time of the merger, the reporting person will hold 13,937 OP Units and will receive 111,633 operating partnership units of Cousins Properties LP.

Row 1 · 2017-10-11 · Grant · Acquired 42,558 · Balance 525,179

F1: Represents performance-based RSUs that were previously issued at the "target" performance level, and which vested on October 11, 2017 at the "stretch" performance level pursuant to the Agreement and Plan of Merger, dated as of June 29 2017, (the "Merger Agreement") by and among Parkway, Inc. (the "Company"), a Maryland corporation, Parkway Properties LP, a Delaware limited partnership (the "Partnership"), Real Estate Houston US Trust ("Parent"), a Delaware statutory trust and wholly-owned subsidiary of Canada Pension Plan Investment Board, a Canadian Crown corporation ("CPPIB"), Real Estate Houston US LLC, a Delaware limited liability company and a wholly-owned subsidiary of Parent, and Real Estate Houston US LP, a Delaware limited partnership and an indirect wholly-owned subsidiary of Parent ("Merger Partnership").

Row 2 · 2017-10-11 · Disposition to issuer · Disposed 172,301 · Balance 352,878

F2: Represents 55,716 time-based RSUs and 116,585 performance-based RSUs, which fully vested and were disposed of pursuant to the Merger Agreement in exchange for $23.05 in cash per share, without interest, less any applicable tax withholding.

Row 3 · 2017-10-12 · Disposition to issuer · Disposed 352,878 · Balance 0

F3: Disposed of pursuant to Merger Agreement in exchange for $19.05 in cash per share, without interest, less any applicable tax withholding.

Row 4 · 2017-10-12 · Disposition to issuer · Disposed 6,095 · Balance 0

F3: Disposed of pursuant to Merger Agreement in exchange for $19.05 in cash per share, without interest, less any applicable tax withholding.

F4: The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

Row 5 · 2017-10-12 · Disposition to issuer · Disposed 9,168 · Balance 0

F3: Disposed of pursuant to Merger Agreement in exchange for $19.05 in cash per share, without interest, less any applicable tax withholding.

F4: The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

Row 6 · 2017-10-11 · Disposition to issuer · Disposed 557,526 · Balance 0

F6: Disposed of pursuant to the Merger Agreement in exchange for $1.05 in cash per share underlying the stock options, representing the spread between the exercise price and the per share transaction consideration of $23.05, less applicable withholding taxes.

F5: Options were fully vested

Row 7 · 2017-10-17 · Disposition to issuer · Disposed 13,937 · Balance 0

F7: Disposed of pursuant to the Merger Agreement in exchange for the right to receive a new partnership preferred unit of the surviving partnership following the merger of Merger Partnership with and into the Partnership, with the Partnership as the surviving entity. OP Units were derivative securities of the Company, which were redeemable for cash or, at the Company's election, shares of the Company's common stock on a one-for-one basis beginning 12 months following the date of the initial issuance of the OP unit, or at such other time as were set forth in the agreement pursuant to which the applicable OP units were issued.