HIGHWOODS PROPERTIES, INC. — Director's Dealing 2007

Jul 3, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HIGHWOODS PROPERTIES INC (HIW)
CIK: 0000921082
Period of Report: 2007-06-29

Reporting Person: SLOAN JR O TEMPLE (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-29	Common Stock	M	1049	$37.50	Acquired	107675	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-06-30	Phantom Stock	$	A	80.74	Acquired		Common Stock (80.74)	Direct
2007-06-29	Stock Option (right to exercise)	$24.51	M	3029	Disposed	2007-07-28	Common Stock (3029)	Direct

Footnotes

F1: This represents cashless exercise in which the reporting person receives the number of shares obtained by dividing the gross spread between the exercise price ($24.51)and the market price ($37.50).

F2: Security converts to cash price of common stock on a one-for-one basis.

F3: Pursuant to required payout under the Plan.

F4: There is no expiration date to payout election.