HIGHWOODS PROPERTIES, INC. — Director's Dealing 2016

Jul 1, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HIGHWOODS PROPERTIES INC (HIW)
CIK: 0000921082
Period of Report: 2016-06-29

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-06-29	Common Stock	M	44975	$32.00	Acquired	471533	Direct
2016-06-29	Common Stock	S	44975	$51.84	Disposed	426558	Direct
2016-07-01	Common Stock	M	40847	$36.50	Acquired	467405	Direct
2016-07-01	Common Stock	S	40847	$52.75	Disposed	426558	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-06-29	Employee Stock Option (right to buy)	$32.00	M	44975	Disposed	2019-02-28	Common Stock (44975)	Direct
2016-07-01	Employee Stock Option (right to buy)	$36.50	M	40847	Disposed	2020-02-28	Common Stock (40847)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	70	Indirect

Footnotes

F1: Represents the weighted average sale price. Sale prices range from $51.65 - $52.27.

F2: Represents the weighted average sale price. Sale prices range from $52.60 - $53.21.

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