PKY » Topics » Note J - Related Party Transactions

This excerpt taken from the PKY 10-K filed Mar 16, 2007.

Note J - Related Party Transactions

      Matthew W. Kaplan, a director of the Company, is a Portfolio Manager for Five Arrows Realty Securities III LLC ("Five Arrows"), which owned 100% of the 803,499 shares of Series B Convertible Preferred stock at December 31, 2005.  During 2006 Five Arrows elected to convert 803,499 shares of Series B Convertible Preferred stock to common stock.  The balance of Series B Convertible Preferred stock was zero and $28.1 million at December 31, 2006 and 2005, respectively.

This excerpt taken from the PKY 10-K filed Mar 14, 2006.


Note J - Related Party Transactions


       Matthew W. Kaplan, a director of the Company, is a Portfolio Manager for Five Arrows Realty Securities III LLC, which owned 100% of the 803,499 shares of Series B Convertible Preferred stock at December 31, 2005 and 2004.  The balance of Series B Convertible Preferred stock was $28.1 million at December 31, 2005 and 2004.

This excerpt taken from the PKY 10-K filed Mar 7, 2005.

Note I - Related Party Transactions

       Matthew W. Kaplan, a director of the Company, is a Portfolio Manager for Five Arrows Realty Securities III LLC, which owned 100% of the 803,499 and 1,942,857 shares of Series B Convertible Preferred stock at December 31, 2004 and 2003, respectively.  The balance of Series B Convertible Preferred stock was $28,122,000 and $68,000,000 at December 31, 2004 and 2003, respectively.

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