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	400	$26.15	Acquired	78144	Direct
2008-05-15	Common Stock	M	400	$36.92	Disposed	77744	Direct
2008-05-15	Common Stock	M	2000	$26.15	Acquired	79744	Direct
2008-05-15	Common Stock	M	2000	$36.89	Disposed	77744	Direct
2008-05-15	Common Stock	M	2300	$26.15	Acquired	80044	Direct
2008-05-15	Common Stock	M	2300	$36.88	Disposed	77744	Direct
2008-05-15	Common Stock	M	1900	$26.15	Acquired	79644	Direct
2008-05-15	Common Stock	M	1900	$36.87	Disposed	77744	Direct
2008-05-15	Common Stock	M	309	$26.15	Acquired	78053	Direct
2008-05-15	Common Stock	M	309	$36.86	Disposed	77744	Direct
2008-05-15	Common Stock	M	1500	$26.15	Acquired	79244	Direct
2008-05-15	Common Stock	M	1500	$36.84	Disposed	77744	Direct
2008-05-15	Common Stock	M	900	$26.15	Acquired	78644	Direct
2008-05-15	Common Stock	M	900	$36.83	Disposed	77744	Direct
2008-05-15	Common Stock	M	2400	$26.15	Acquired	80144	Direct
2008-05-15	Common Stock	M	2400	$36.82	Disposed	77744	Direct
2008-05-15	Common Stock	M	2700	$26.15	Acquired	80444	Direct
2008-05-15	Common Stock	M	2700	$36.81	Disposed	77744	Direct
2008-05-15	Common Stock	M	400	$26.15	Acquired	78144	Direct
2008-05-15	Common Stock	M	400	$36.80	Disposed	77744	Direct
2008-05-15	Common Stock	M	2300	$26.15	Acquired	80044	Direct
2008-05-15	Common Stock	M	2300	$36.79	Disposed	77744	Direct
2008-05-15	Common Stock	M	1700	$26.15	Acquired	79444	Direct
2008-05-15	Common Stock	M	1700	$36.78	Disposed	77744	Direct
2008-05-15	Common Stock	M	1100	$26.15	Acquired	78844	Direct
2008-05-15	Common Stock	M	1100	$36.77	Disposed	77744	Direct
2008-05-15	Common Stock	M	300	$26.15	Acquired	78044	Direct
2008-05-15	Common Stock	M	300	$36.76	Disposed	77744	Direct
2008-05-15	Common Stock	M	1200	$26.15	Acquired	78944	Direct
2008-05-15	Common Stock	M	1200	$36.75	Disposed	77744	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-15	Stock Option	$26.15	M	21409	Disposed	2014-02-28	Common Stock (21409)	Direct

Footnotes

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