HIGHWOODS PROPERTIES, INC. — Director's Dealing 2016

Mar 8, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HIGHWOODS PROPERTIES INC (HIW)
CIK: 0000921082
Period of Report: 2016-03-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-04	Common Stock	M	1374	$32.00	Acquired	29300	Direct
2016-03-04	Common Stock	M	1158	$36.50	Acquired	30458	Direct
2016-03-04	Common Stock	M	1153	$37.71	Acquired	31611	Direct
2016-03-04	Common Stock	S	3685	$46.01	Disposed	27926	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-04	Employee Stock Option (right to buy)	$32.00	M	1374	Disposed	2019-02-28	Common Stock (1374)	Direct
2016-03-04	Employee Stock Option (right to buy)	$36.50	M	1158	Disposed	2020-02-28	Common Stock (1158)	Direct
2016-03-04	Employee Stock Option (right to buy)	$37.71	M	1153	Disposed	2024-02-28	Common Stock (1153)	Direct

Footnotes

F1: Represents the weighted average sale price. Sale prices range from $46.01 - $46.02.

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