HIGHWOODS PROPERTIES, INC. — Director's Dealing 2009

Sep 18, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HIGHWOODS PROPERTIES INC (HIW)
CIK: 0000921082
Period of Report: 2009-09-16

Reporting Person: FRITSCH EDWARD J (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-09-16	Common Stock	S	10000	$32.59	Disposed	329713	Direct
2009-09-23	Common Stock	C	8644	$32.66	Acquired	338357	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-09-23	Units	$	C	8644	Disposed		Common Stock (8644)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	70	Indirect

Footnotes

F1: Represents the weighted average sale price. Sale prices range from $32.58 - $32.65.

F2: The reporting person upon request by the Commission staff, the issuer, or a security holder of the issuer, agrees to disclose full information regarding the number of shares sold at each separate price.

F3: The reporting person redeemed 8,644 units of limited partnership interest ("Units") of Highwoods Realty Limited Partnership, of which the issuer is the general partner. Units are redeemable for an equal number of shares of the issuer's Common Stock or, at the election of the issuer, cash equal to the fair market value of such shares. The issuer elected to redeem the reporting person's Units with Common Stock in a transaction exempt from Section 16(b) of the Exchange Act; such shares are issuable on September 23, 2009. Units have no expiration date. The per share price reflects the closing price of shares of Common Stock as of September 18, 2009.