HIGHWOODS PROPERTIES, INC. — Director's Dealing 2008

Jan 24, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HIGHWOODS PROPERTIES INC (HIW)
CIK: 0000921082
Period of Report: 2008-01-23

Reporting Person: BEALE MICHAEL F (Sr. Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-01-23	Phantom Stock	$30.69	D	214.86	Disposed		Phantom Stock (214.86)	Direct

Footnotes

F1: There is no expiration date to payout election.