HIGHWOODS PROPERTIES, INC. — Director's Dealing 2011

Jan 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HIGHWOODS PROPERTIES INC (HIW)
CIK: 0000921082
Period of Report: 2010-12-31

Reporting Person: HARRIS MICHAEL E (Executive Vice President & COO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-31	Phantom Stock	$	A	31.63	Acquired		Common Stock (31.63)	Direct
2010-12-31	Phantom Stock	$32.06	D	2054.09	Disposed		Common Stock (2054.09)	Direct

Footnotes

F1: Security converts to cash price of common stock on a one-for-one basis.

F2: Pursuant to required payout under the Plan.

F3: There is no expiration date to payout election.

F4: Pursuant to distribution requirements under the Amended and Restated 2005 Deferred Compensation Plan for Selected Employees. The value of shares were transferred to participants "Other Investments Account". Future payout will be based on election form on file.