HIGHWOODS PROPERTIES, INC. — Director's Dealing 2011

Mar 31, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HIGHWOODS PROPERTIES INC (HIW)
CIK: 0000921082
Period of Report: 2011-03-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-31	Common Stock	M	30030	$26.27	Acquired	399537	Direct
2011-03-31	Common Stock	S	30030	$34.93	Disposed	369507	Direct
2011-03-31	Common Stock	M	4151	$18.89	Acquired	373658	Direct
2011-03-31	Common Stock	S	4151	$34.70	Disposed	369507	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-31	Stock Option (right to buy)	$26.27	M	30030	Disposed	2012-02-29	Common Stock (30030)	Direct
2011-03-31	Stock Option (right to buy)	$18.89	M	4151	Disposed	2016-02-29	Common Stock (4151)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	70	Indirect

Footnotes

F1: Options scheduled to expire in less than a year if not exercised.

F2: Represents the weighted average sale price. Sale prices range from $34.58- $35.10

F3: 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.

F4: Represents the weighted average sale price. The sale price ranges from $34.60 - $34.80.

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