HIGHWOODS PROPERTIES, INC. — Director's Dealing 2013

Mar 28, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HIGHWOODS PROPERTIES INC (HIW)
CIK: 0000921082
Period of Report: 2013-03-26

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-26	Common Stock	M	941	$26.15	Acquired	367795	Direct
2013-03-26	Common Stock	S	941	$39.50	Disposed	366854	Direct
2013-03-28	Common Stock	M	34947	$26.15	Acquired	401801	Direct
2013-03-28	Common Stock	M	25082	$29.48	Acquired	426883	Direct
2013-03-28	Common Stock	S	60029	$39.51	Disposed	366854	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-03-26	Stock Option (right to buy)	$26.15	M	941	Disposed	2014-02-28	Common Stock (941)	Direct
2013-03-28	Stock Option (right to buy)	$26.15	M	34947	Disposed	2014-02-28	Common Stock (34947)	Direct
2013-03-28	Stock Option (right to buy)	$29.48	M	25082	Disposed	2015-03-02	Common Stock (25082)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	70	Indirect

Footnotes

F1: Stock Options are scheduled to expire within 1 year if not exercised.

F2: Represents the weighted average sale price. Sale prices range from $39.50 - $39.58

F3: 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.

F4: Options vest ratably over 4 years on March 1st of each year after the grant date.