HIGHWOODS PROPERTIES, INC. — Director's Dealing 2008

Aug 29, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HIGHWOODS PROPERTIES INC (HIW)
CIK: 0000921082
Period of Report: 2008-08-28

Reporting Person: ANDERSON GENE H (Director, Sr. Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-28	Common Stock	M	42837	$21.01	Acquired	100700	Direct
2008-08-28	Common Stock	S	42837	$36.57	Disposed	57863	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-28	Stock Option (right to buy)	$21.01	M	42837	Disposed	2013-02-28	Common Stock (42837)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3897	Indirect
Common Stock	63947	Indirect

Footnotes

F1: Represents the weighted average sale price. Sale prices range from $36.44 - $36.88.

F2: The reporting person upon request by the Commission staff, the issuer, or a security holder of the issuer, agrees to disclose full information regarding the number of shares purchased or sold at each separate price.

F3: Option vests ratably on the first through fourth anniversaries of grant date.