HIGHWOODS PROPERTIES, INC. — Director's Dealing 2008

May 20, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HIGHWOODS PROPERTIES INC (HIW)
CIK: 0000921082
Period of Report: 2008-05-16

Reporting Person: ADLER THOMAS W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-16	Common Stock	M	1600	$22.18	Acquired	32142	Direct
2008-05-16	Common Stock	M	1600	$35.96	Disposed	30542	Direct
2008-05-16	Common Stock	M	100	$18.03	Acquired	30642	Direct
2008-05-16	Common Stock	M	100	$36.74	Disposed	30542	Direct
2008-05-16	Common Stock	M	66	$18.03	Acquired	30608	Direct
2008-05-16	Common Stock	M	66	$36.70	Disposed	30542	Direct
2008-05-16	Common Stock	M	200	$19.90	Acquired	30742	Direct
2008-05-16	Common Stock	M	200	$36.67	Disposed	30542	Direct
2008-05-16	Common Stock	M	95	$19.90	Acquired	30637	Direct
2008-05-16	Common Stock	M	95	$36.66	Disposed	30542	Direct
2008-05-16	Common Stock	M	39	$19.90	Acquired	30581	Direct
2008-05-16	Common Stock	M	39	$36.59	Disposed	30542	Direct
2008-05-16	Common Stock	M	100	$19.90	Acquired	30642	Direct
2008-05-16	Common Stock	M	100	$36.58	Disposed	30542	Direct
2008-05-16	Common Stock	M	100	$19.90	Acquired	30642	Direct
2008-05-16	Common Stock	M	100	$36.57	Disposed	30542	Direct
2008-05-16	Common Stock	M	500	$19.90	Acquired	31042	Direct
2008-05-16	Common Stock	M	500	$36.54	Disposed	30542	Direct
2008-05-16	Common Stock	M	55	$18.78	Acquired	30597	Direct
2008-05-16	Common Stock	M	55	$36.7075	Disposed	30542	Direct
2008-05-16	Common Stock	M	134	$18.78	Acquired	30676	Direct
2008-05-16	Common Stock	M	134	$36.70	Disposed	30542	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-16	Stock Option	$22.18	M	1600	Disposed	2009-03-24	Common Stock (1600)	Direct
2008-05-16	Stock Option	$18.03	M	166	Disposed	2009-04-26	Common Stock (166)	Direct
2008-05-16	Stock Option	$19.90	M	1034	Disposed	2009-07-25	Common Stock (1034)	Direct
2008-05-16	Stock Option	$18.78	M	189	Disposed	2009-10-18	Common Stock (189)	Direct

Footnotes

F1: Option vests ratably on the first through fourth anniversaries of grant date.