HIGHWOODS PROPERTIES, INC. — Director's Dealing 2016

May 11, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HIGHWOODS PROPERTIES INC (HIW)
CIK: 0000921082
Period of Report: 2016-05-09

Reporting Person: Klinck Theodore J (EVP/COO & Investment Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-09	Common Stock	M	2277	$31.36	Acquired	53189	Direct
2016-05-09	Common Stock	M	2885	$36.50	Acquired	56074	Direct
2016-05-09	Common Stock	M	2873	$37.71	Acquired	58947	Direct
2016-05-09	Common Stock	M	4362	$45.61	Acquired	63309	Direct
2016-05-09	Common Stock	S	12397	$48.86	Disposed	50912	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-09	Employee Stock Option (right to buy)	$31.36	M	2277	Disposed	2019-03-11	Common Stock (2277)	Direct
2016-05-09	Employee Stock Option (right to buy)	$36.50	M	2885	Disposed	2020-02-28	Common Stock (2885)	Direct
2016-05-09	Employee Stock Option (right to buy)	$37.71	M	2873	Disposed	2024-02-28	Common Stock (2873)	Direct
2016-05-09	Employee Stock Option (right to buy)	$45.61	M	4362	Disposed	2025-02-27	Common Stock (4362)	Direct

Footnotes

F1: Represents the weighted average sale price. Sale prices range from $48.77 - $48.89.

F2: Options vest ratably over 4 years on March 1st of each year after the grant date.