SEC Form 4 · accession 0001209191-16-104898
HIGHWOODS PROPERTIES, INC. · HIW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark F Mulhern
Officer — SVP/CFO
Period of report
Feb 29, 2016
Accepted (ET)
Mar 2, 2016 · 7:38 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000921082
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 29, 2016 | A | 13,618 | — | A | 49,074 | D | |
| Common StockF2 | Mar 1, 2016 | F | 1,117 | — | D | 47,957 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F3 | $43.55 | Feb 29, 2016 | A | 32,310 | A | — | Feb 28, 2026 | Common Stock | 32,310 | 32,310 | D |
Explanation of responses
- F1Restricted stock is granted by the Company and not purchased by the reporting person.
- F2In 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.
- F3Options vest ratably over 4 years on March 1st of each year after the grant date.