HIGHWOODS PROPERTIES, INC. — Director's Dealing 2008

Aug 7, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HIGHWOODS PROPERTIES INC (HIW)
CIK: 0000921082
Period of Report: 2008-08-05

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-05	Common Stock	M	34094	$24.99	Acquired	91957	Direct
2008-08-05	Common Stock	S	34094	$36.445	Disposed	57863	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-05	Stock Option (right to buy)	$24.99	M	34094	Disposed	2011-02-28	Common Stock (34094)	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 $36.120 - $36.99.

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.