HIGHWOODS PROPERTIES, INC. — Director's Dealing 2011

Mar 2, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HIGHWOODS PROPERTIES INC (HIW)
CIK: 0000921082
Period of Report: 2011-02-28

Reporting Person: STEVENS TERRY L (VP, CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-28	Common Stock	A	14532	—	Acquired	122977	Direct
2011-02-28	Common Stock	D	1748	—	Disposed	121229	Direct
2011-03-01	Common Stock	F	4612	—	Disposed	116617	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-28	Stock Option (right to buy)	$33.93	A	18913	Acquired	2018-02-27	Common Stock (18913)	Direct

Footnotes

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

F2: Represents the number of shares forfeited under the Company's Long-Term Incentive Plan because the Company achieved less than target levels of performance relative to predetermined goals.

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