HIGHWOODS PROPERTIES, INC. — Director's Dealing 2011

Mar 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: STEVENS TERRY L (VP, CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-03	Common Stock	M	26614	$32.37	Acquired	143231	Direct
2011-03-03	Common Stock	M	12139	$18.89	Acquired	155370	Direct
2011-03-03	Common Stock	M	9620	$29.48	Acquired	164990	Direct
2011-03-03	Common Stock	S	48373	$33.63	Disposed	116617	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-03	Stock Option (right to buy)	$32.37	M	26614	Disposed	2013-02-28	Common Stock (26614)	Direct
2011-03-03	Stock Option (right to buy)	$18.89	M	12139	Disposed	2016-02-29	Common Stock (12139)	Direct
2011-03-03	Stock Option (right to buy)	$29.48	M	9620	Disposed	2015-03-02	Common Stock (9620)	Direct

Footnotes

F1: Represents the weighted average sale price. Sale prices range from $33.54- $33.78

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.