HIGHWOODS PROPERTIES, INC. — Director's Dealing 2008

Aug 12, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-08	Common Stock	M	12300	$27.05	Acquired	70163	Direct
2008-08-08	Common Stock	S	12300	$36.007	Disposed	57863	Direct
2008-08-11	Common Stock	M	20144	$27.05	Acquired	78007	Direct
2008-08-11	Common Stock	S	20144	$36.012	Disposed	57863	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-08	Stock Option (right to buy)	$27.05	M	12300	Disposed	2012-02-28	Common Stock (12300)	Direct
2008-08-11	Stock Option (right to buy)	$27.05	M	20144	Disposed	2012-02-28	Common Stock (20144)	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 $36.00 - $36.06.

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: Represents the weighted average sale price. Sale prices range from $36.00 - $36.06

F4: Option vests ratably on the first through fourth anniversaries of grant date.