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: 2008-05-14

Reporting Person: HARRIS MICHAEL E (Executive Vice President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-14	Common Stock	M	539	$24.99	Acquired	127906	Direct
2008-05-14	Common Stock	S	539	$36.04	Disposed	127367	Direct
2008-05-14	Common Stock	M	900	$24.99	Acquired	128267	Direct
2008-05-14	Common Stock	S	900	$36.02	Disposed	127367	Direct
2008-05-14	Common Stock	M	3000	$24.99	Acquired	130367	Direct
2008-05-14	Common Stock	S	3000	$36.01	Disposed	127367	Direct
2008-05-14	Common Stock	M	14655	$24.99	Acquired	142022	Direct
2008-05-14	Common Stock	S	14655	$36.00	Disposed	127367	Direct
2008-05-14	Common Stock	M	100	$21.01	Acquired	127467	Direct
2008-05-14	Common Stock	S	100	$36.33	Disposed	127367	Direct
2008-05-14	Common Stock	M	900	$21.01	Acquired	128267	Direct
2008-05-14	Common Stock	S	900	$36.32	Disposed	127367	Direct
2008-05-14	Common Stock	M	900	$21.01	Acquired	128267	Direct
2008-05-14	Common Stock	S	900	$36.30	Disposed	127367	Direct
2008-05-14	Common Stock	M	100	$21.01	Acquired	127467	Direct
2008-05-14	Common Stock	S	100	$36.29	Disposed	127367	Direct
2008-05-14	Common Stock	M	800	$21.01	Acquired	128167	Direct
2008-05-14	Common Stock	S	800	$36.28	Disposed	127367	Direct
2008-05-14	Common Stock	M	1000	$21.01	Acquired	128367	Direct
2008-05-14	Common Stock	S	1000	$36.27	Disposed	127367	Direct
2008-05-14	Common Stock	M	1300	$21.01	Acquired	128667	Direct
2008-05-14	Common Stock	S	1300	$36.25	Disposed	127367	Direct
2008-05-14	Common Stock	M	100	$21.01	Acquired	127467	Direct
2008-05-14	Common Stock	S	100	$36.23	Disposed	127367	Direct
2008-05-14	Common Stock	M	1200	$21.01	Acquired	128567	Direct
2008-05-14	Common Stock	S	1200	$36.18	Disposed	127367	Direct
2008-05-14	Common Stock	M	100	$21.01	Acquired	127467	Direct
2008-05-14	Common Stock	S	100	$36.16	Disposed	127367	Direct
2008-05-14	Common Stock	M	3900	$21.01	Acquired	131267	Direct
2008-05-14	Common Stock	S	3900	$36.14	Disposed	127367	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-14	Stock Option	$24.99	M	19094	Disposed	2011-02-28	Common Stock (19094)	Direct
2008-05-14	Stock Option	$21.01	M	10400	Disposed	2013-02-28	Common Stock (10400)	Direct

Footnotes

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