HIGHWOODS PROPERTIES, INC. — Director's Dealing 2010

Mar 2, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HIGHWOODS PROPERTIES INC (HIW)
CIK: 0000921082
Period of Report: 2010-02-26

Reporting Person: STEVENS TERRY L (VP, CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-26	Common Stock	A	16734	—	Acquired	111743	Direct
2010-02-26	Common Stock	A	1342	—	Acquired	113085	Direct
2010-02-26	Common Stock	D	406	—	Disposed	112679	Direct
2010-02-26	Common Stock	F	4832	—	Disposed	107847	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-26	Stock Option (right to buy)	$29.05	A	24670	Acquired	2017-02-25	Common Stock (24670)	Direct

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 additional shares granted to the reporting person because the Company exceeded predetermined goals under the Long Term Incentive Plan - Shareholder Value Plan.

F3: Represents the number of shares forfeited under the Company's Long-Term Incentive Plan - Performance Share Plan because the Company achieved threshold, but not target, levels of performance relative to predetermined goals.

F4: 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.

F5: Options vests ratably over 4 years on March 1st of each year after the grant date.