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HIGHWOODS PROPERTIES, INC. — Director's Dealing 2013
Jan 3, 2013
31273_dirs_2013-01-03_72606911-d875-4c42-84c5-968e8aae30d7.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: HIGHWOODS PROPERTIES INC (HIW)
CIK: 0000921082
Period of Report: 2012-12-21
Reporting Person: FRITSCH EDWARD J (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-12-21 | Common Stock | G | 1787 | — | Disposed | 367888 | Direct |
| 2012-12-31 | Common Stock | S | 15000 | $33.39 | Disposed | 352888 | Direct |
| 2012-12-31 | Common Stock | M | 500 | $32.37 | Acquired | 352388 | Direct |
| 2012-12-31 | Common Stock | S | 500 | $33.44 | Disposed | 352888 | Direct |
| 2012-12-31 | Common Stock | F | 4958 | — | Disposed | 347930 | Direct |
| 2012-12-31 | Common Stock | D | 10908 | — | Disposed | 337022 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-12-31 | Stock Option (right to buy) | $32.37 | M | 500 | Disposed | 2013-02-28 | Common Stock (500) | Direct |
Footnotes
F1: Gifted shares to a charitable organization.
F2: Amended to reflect correct current common shares outstanding.
F3: Represents the weighted average sale price. Sale prices ranged from $33.05 - $33.55
F4: Reporting person, upon request by the Commission staff, the issuer, or a security holder of the issuer, will disclose full information regarding the number of shares purchased or sold at each separate price.
F5: Represents the weighted average sale price. Sale prices ranged from $33.44 - $33.45
F6: 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.
F7: Represents the number of shares forfeited under the Company's Long-Term Incentive Plan - Total Shareholder Return Plan because the Company achieved threshold, but not target, levels of performance relative to predetermined goals.
F8: Options vests ratably over 4 years on March 1st of each year after the grant date. Options scheduled to expire on February 28, 2013 if not exercised.