HIGHWOODS PROPERTIES, INC. — Director's Dealing 2011

Mar 10, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HIGHWOODS PROPERTIES INC (HIW)
CIK: 0000921082
Period of Report: 2011-03-09

Reporting Person: ANDERSON GENE H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-09	Common Stock	M	4228	$18.89	Acquired	67166	Direct
2011-03-09	Common Stock	M	34417	$26.15	Acquired	101583	Direct
2011-03-09	Common Stock	M	36964	$26.27	Acquired	138547	Direct
2011-03-09	Common Stock	M	12147	$29.48	Acquired	150694	Direct
2011-03-09	Common Stock	M	13773	$32.37	Acquired	164467	Direct
2011-03-09	Common Stock	S	101529	$34.63	Disposed	62938	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-09	Stock Option (right to buy)	$18.89	M	4228	Disposed	2016-02-29	Common Stock (4228)	Direct
2011-03-09	Stock Option (right to buy)	$26.15	M	34417	Disposed	2014-02-28	Common Stock (34417)	Direct
2011-03-09	Stock Option (right to buy)	$26.27	M	36964	Disposed	2012-02-29	Common Stock (36964)	Direct
2011-03-09	Stock Option (right to buy)	$29.48	M	12147	Disposed	2015-03-02	Common Stock (12147)	Direct
2011-03-09	Stock Option (right to buy)	$32.37	M	13773	Disposed	2013-02-28	Common Stock (13773)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3897	Indirect
Common Stock	63947	Indirect

Footnotes

F1: Represents the weighted average sale price. Sale prices range from $34.49- $34.78

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