HIGHWOODS PROPERTIES, INC. — Director's Dealing 2008

May 16, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HIGHWOODS PROPERTIES INC (HIW)
CIK: 0000921082
Period of Report: 2008-05-15

Reporting Person: STEVENS TERRY L (VP, CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-15	Common Stock	M	100	$26.27	Acquired	77844	Direct
2008-05-15	Common Stock	M	100	$37.10	Disposed	77744	Direct
2008-05-15	Common Stock	M	100	$26.27	Acquired	77844	Direct
2008-05-15	Common Stock	M	100	$37.00	Disposed	77744	Direct
2008-05-15	Common Stock	M	100	$26.27	Acquired	77844	Direct
2008-05-15	Common Stock	M	100	$36.985	Disposed	77744	Direct
2008-05-15	Common Stock	M	100	$26.27	Acquired	77844	Direct
2008-05-15	Common Stock	M	100	$36.98	Disposed	77744	Direct
2008-05-15	Common Stock	M	100	$26.27	Acquired	77844	Direct
2008-05-15	Common Stock	M	100	$36.965	Disposed	77744	Direct
2008-05-15	Common Stock	M	100	$26.27	Acquired	77844	Direct
2008-05-15	Common Stock	M	100	$36.92	Disposed	77744	Direct
2008-05-15	Common Stock	M	300	$26.27	Acquired	78044	Direct
2008-05-15	Common Stock	M	300	$36.91	Disposed	77744	Direct
2008-05-15	Common Stock	M	200	$26.27	Acquired	77944	Direct
2008-05-15	Common Stock	M	200	$36.88	Disposed	77744	Direct
2008-05-15	Common Stock	M	100	$26.27	Acquired	77844	Direct
2008-05-15	Common Stock	M	100	$36.85	Disposed	77744	Direct
2008-05-15	Common Stock	M	100	$26.27	Acquired	77844	Direct
2008-05-15	Common Stock	M	100	$36.83	Disposed	77744	Direct
2008-05-15	Common Stock	M	100	$26.27	Acquired	77844	Direct
2008-05-15	Common Stock	M	100	$36.825	Disposed	77744	Direct
2008-05-15	Common Stock	M	200	$26.27	Acquired	77944	Direct
2008-05-15	Common Stock	M	200	$36.815	Disposed	77744	Direct
2008-05-15	Common Stock	M	100	$26.27	Acquired	77844	Direct
2008-05-15	Common Stock	M	100	$36.80	Disposed	77744	Direct
2008-05-15	Common Stock	M	29	$26.27	Acquired	77773	Direct
2008-05-15	Common Stock	M	29	$36.77	Disposed	77744	Direct
2008-05-15	Common Stock	M	100	$26.27	Acquired	77844	Direct
2008-05-15	Common Stock	M	100	$36.76	Disposed	77744	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-15	Stock Option	$26.27	M	1829	Disposed	2012-02-29	Common Stock (1829)	Direct

Footnotes

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