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	100	$24.75	Acquired	30642	Direct
2008-05-16	Common Stock	M	100	$36.12	Disposed	30542	Direct
2008-05-16	Common Stock	M	200	$24.75	Acquired	30742	Direct
2008-05-16	Common Stock	M	200	$36.11	Disposed	30542	Direct
2008-05-16	Common Stock	M	1300	$24.75	Acquired	31842	Direct
2008-05-16	Common Stock	M	1300	$36.10	Disposed	30542	Direct
2008-05-16	Common Stock	M	300	$24.75	Acquired	30842	Direct
2008-05-16	Common Stock	M	300	$36.095	Disposed	30542	Direct
2008-05-16	Common Stock	M	2000	$24.75	Acquired	32542	Direct
2008-05-16	Common Stock	M	2000	$36.09	Disposed	30542	Direct
2008-05-16	Common Stock	M	45	$19.06	Acquired	30587	Direct
2008-05-16	Common Stock	M	45	$36.70	Disposed	30542	Direct
2008-05-16	Common Stock	M	100	$19.06	Acquired	30642	Direct
2008-05-16	Common Stock	M	100	$36.69	Disposed	30542	Direct
2008-05-16	Common Stock	M	305	$19.06	Acquired	30847	Direct
2008-05-16	Common Stock	M	305	$36.66	Disposed	30542	Direct
2008-05-16	Common Stock	M	200	$19.06	Acquired	30742	Direct
2008-05-16	Common Stock	M	200	$36.65	Disposed	30542	Direct
2008-05-16	Common Stock	M	300	$19.06	Acquired	30842	Direct
2008-05-16	Common Stock	M	300	$36.64	Disposed	30542	Direct
2008-05-16	Common Stock	M	200	$19.06	Acquired	30742	Direct
2008-05-16	Common Stock	M	200	$36.62	Disposed	30542	Direct
2008-05-16	Common Stock	M	504	$22.18	Acquired	31046	Direct
2008-05-16	Common Stock	M	504	$36.63	Disposed	30542	Direct
2008-05-16	Common Stock	M	96	$22.18	Acquired	30638	Direct
2008-05-16	Common Stock	M	96	$36.62	Disposed	30542	Direct
2008-05-16	Common Stock	M	100	$22.18	Acquired	30642	Direct
2008-05-16	Common Stock	M	100	$36.61	Disposed	30542	Direct
2008-05-16	Common Stock	M	561	$22.18	Acquired	31103	Direct
2008-05-16	Common Stock	M	561	$36.59	Disposed	30542	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-16	Stock Option	$24.75	M	3900	Disposed	2009-01-24	Common Stock (3900)	Direct
2008-05-16	Stock Option	$19.06	M	1150	Disposed	2009-01-24	Common Stock (1150)	Direct
2008-05-16	Stock Option	$22.18	M	1261	Disposed	2009-03-24	Common Stock (1261)	Direct

Footnotes

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