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	700	$22.18	Acquired	31242	Direct
2008-05-16	Common Stock	M	700	$36.09	Disposed	30542	Direct
2008-05-16	Common Stock	M	402	$22.18	Acquired	30942	Direct
2008-05-16	Common Stock	M	402	$36.08	Disposed	30542	Direct
2008-05-16	Common Stock	M	1600	$22.18	Acquired	32142	Direct
2008-05-16	Common Stock	M	1600	$36.07	Disposed	30542	Direct
2008-05-16	Common Stock	M	100	$22.18	Acquired	30642	Direct
2008-05-16	Common Stock	M	100	$36.065	Disposed	30542	Direct
2008-05-16	Common Stock	M	1000	$22.18	Acquired	31542	Direct
2008-05-16	Common Stock	M	1000	$36.06	Disposed	30542	Direct
2008-05-16	Common Stock	M	700	$22.18	Acquired	31242	Direct
2008-05-16	Common Stock	M	700	$36.05	Disposed	30542	Direct
2008-05-16	Common Stock	M	100	$22.18	Acquired	30642	Direct
2008-05-16	Common Stock	M	100	$36.045	Disposed	30542	Direct
2008-05-16	Common Stock	M	600	$22.18	Acquired	31142	Direct
2008-05-16	Common Stock	M	600	$36.03	Disposed	30542	Direct
2008-05-16	Common Stock	M	500	$22.18	Acquired	31042	Direct
2008-05-16	Common Stock	M	500	$36.02	Disposed	30542	Direct
2008-05-16	Common Stock	M	800	$22.18	Acquired	31342	Direct
2008-05-16	Common Stock	M	800	$36.015	Disposed	30542	Direct
2008-05-16	Common Stock	M	800	$22.18	Acquired	31342	Direct
2008-05-16	Common Stock	M	800	$36.01	Disposed	30542	Direct
2008-05-16	Common Stock	M	1500	$22.18	Acquired	32042	Direct
2008-05-16	Common Stock	M	1500	$36.00	Disposed	30542	Direct
2008-05-16	Common Stock	M	500	$22.18	Acquired	31042	Direct
2008-05-16	Common Stock	M	500	$35.995	Disposed	30542	Direct
2008-05-16	Common Stock	M	900	$22.18	Acquired	31442	Direct
2008-05-16	Common Stock	M	900	$35.99	Disposed	30542	Direct
2008-05-16	Common Stock	M	900	$22.18	Acquired	31442	Direct
2008-05-16	Common Stock	M	900	$35.98	Disposed	30542	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-16	Stock Option	$22.18	M	11102	Disposed	2009-03-24	Common Stock (11102)	Direct

Footnotes

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