SEC Form 4 · accession 0001209191-16-106993
HIGHWOODS PROPERTIES, INC. · HIW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin E Penn
Officer — SVP/Strategy & Admin
Period of report
Mar 4, 2016
Accepted (ET)
Mar 8, 2016 · 4:48 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 Stock | Mar 4, 2016 | M | 1,374 | $32.00 | A | 29,300 | D | |
| Common Stock | Mar 4, 2016 | M | 1,158 | $36.50 | A | 30,458 | D | |
| Common Stock | Mar 4, 2016 | M | 1,153 | $37.71 | A | 31,611 | D | |
| Common StockF1 | Mar 4, 2016 | S | 3,685 | $46.01 | D | 27,926 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2 | $32.00 | Mar 4, 2016 | M | 1,374 | D | — | Feb 28, 2019 | Common Stock | 1,374 | 0 | D |
| Employee Stock Option (right to buy)F2 | $36.50 | Mar 4, 2016 | M | 1,158 | D | — | Feb 28, 2020 | Common Stock | 1,158 | 1,158 | D |
| Employee Stock Option (right to buy)F2 | $37.71 | Mar 4, 2016 | M | 1,153 | D | — | Feb 28, 2024 | Common Stock | 1,153 | 2,306 | D |
Explanation of responses
- F1Represents the weighted average sale price. Sale prices range from $46.01 - $46.02.
- F2Options vest ratably over 4 years on March 1st of each year after the grant date.