HIGHWOODS PROPERTIES, INC. — Director's Dealing 2013

Mar 4, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HIGHWOODS PROPERTIES INC (HIW)
CIK: 0000921082
Period of Report: 2013-02-28

Reporting Person: Penn Kevin E (VP/Chief Strategy & Admin)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-28	Common Stock	A	3352	—	Acquired	19454	Direct
2013-02-28	Common Stock	M	2490	$18.89	Acquired	21944	Direct
2013-02-28	Common Stock	S	2490	$36.54	Disposed	19454	Direct
2013-02-28	Common Stock	M	680	$33.93	Acquired	20134	Direct
2013-02-28	Common Stock	S	680	$36.54	Disposed	19454	Direct
2013-03-01	Common Stock	F	538	—	Disposed	18916	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-02-28	Stock Option (right to buy)	$36.50	A	4631	Acquired	2020-02-28	Common Stock (4631)	Direct
2013-02-28	Stock Option (right to buy)	$18.89	M	2490	Disposed	2016-02-28	Common Stock (2490)	Direct
2013-02-28	Stock Option (right to buy)	$33.93	M	680	Disposed	2018-02-27	Common Stock (680)	Direct

Footnotes

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

F2: 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.

F3: Options vests ratably over 4 years on March 1st of each year after the grant date.