A Parity Alternating Permutation of the set $[n] = \{1, 2,\ldots, n\}$ is a permutation with even and odd entries alternatively. We deal with parity alternating permutations having an odd entry in the first position, PAPs. We study the numbers that count the PAPs with even as well as odd parity. We also study a subclass of PAPs being derangements as well, Parity Alternating Derangements (PADs). Moreover, by considering the parity of these PADs we look into their statistical property of excedance.