HIGHWOODS PROPERTIES, INC. — Director's Dealing 2012

Feb 29, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HIGHWOODS PROPERTIES INC (HIW)
CIK: 0000921082
Period of Report: 2012-02-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-27	Common Stock	M	13364	$26.27	Acquired	372991	Direct
2012-02-27	Common Stock	S	13364	$32.26	Disposed	359627	Direct
2012-02-28	Common Stock	M	29126	$26.27	Acquired	388753	Direct
2012-02-28	Common Stock	S	29126	$32.03	Disposed	359627	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-27	Stock Option (right to buy)	$26.27	M	13364	Disposed	2012-02-28	Common Stock (13364)	Direct
2012-02-28	Stock Option (right to buy)	$26.27	M	29126	Disposed	2012-02-28	Common Stock (29126)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	70	Indirect

Footnotes

F1: Options scheduled to expire at close on 2/28/2012.

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: Represents the weighted average sale price. Sale prices range from $32.25 - $32.36.

F4: Represents the weighted average sale price. Sale prices range from $32.00 - $32.28.

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