HIGHWOODS PROPERTIES, INC. — Director's Dealing 2009

Mar 3, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HIGHWOODS PROPERTIES INC (HIW)
CIK: 0000921082
Period of Report: 2009-02-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-03-01	Common Stock	A	64648	—	Acquired	364812	Direct
2009-02-27	Common Stock	A	9770	—	Acquired	374582	Direct
2009-03-01	Common Stock	F	21424	—	Disposed	353158	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-03-01	Stock Option (right to buy)	$18.89	A	126604	Acquired	2016-02-29	Common Stock (126604)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	70	Indirect

Footnotes

F1: Restricted stock is granted by the Company and not purchased by the reporting person.

F2: Restricted stock is granted by the Company and not purchased by the reporting person. Represents shares earned by reporting person by obtaining predermined goals under the SVP and PSP Long Term Incentive Plans.

F3: In accordance with the terms of the initial restricted stock award and in connection with the vesting of the award, the reporting person tendered a portion of the restricted stock award to the issuer in satisfaction of his tax liabilities.

F4: Option vests ratably on the first through fourth anniversaries of grant date.