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: Mulhern Mark F (SVP/CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-09	Common Stock	M	12124	$39.20	Acquired	60081	Direct
2016-05-09	Common Stock	S	12124	$48.75	Disposed	47957	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-09	Employee Stock Option (right to buy)	$39.20	M	12124	Disposed	2024-09-29	Common Stock (12124)	Direct

Footnotes

F1: Represents the weighted average sale price. Sale prices range from $48.67 - $48.83.

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