SEC Form 4 · accession 0001209191-16-109766
HIGHWOODS PROPERTIES, INC. · HIW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward J Fritsch
Officer — President & CEO · Director
Period of report
Mar 17, 2016
Accepted (ET)
Mar 21, 2016 · 4:33 pm EDT
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 17, 2016 | M | 26,109 | $29.05 | A | 452,667 | D | |
| Common StockF1 | Mar 17, 2016 | S | 26,109 | $47.10 | D | 426,558 | D | |
| Common Stock | Mar 18, 2016 | M | 3,214 | $29.05 | A | 429,772 | D | |
| Common StockF2 | Mar 18, 2016 | S | 3,214 | $47.09 | D | 426,558 | D | |
| Common Stock | holding | — | — | — | 70 | I | By Children |
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)F3 | $29.05 | Mar 17, 2016 | M | 26,109 | D | — | Feb 25, 2017 | Common Stock | 26,109 | 3,214 | D |
| Employee Stock Option (right to buy)F3 | $29.05 | Mar 18, 2016 | M | 3,214 | D | — | Feb 25, 2017 | Common Stock | 3,214 | 0 | D |
Explanation of responses
- F1Represents the weighted average sale price. Sale prices range from $47.05 - $47.17.
- F2Represents the weighted average sale price. Sale prices range from $47.05 - $47.10.
- F3Options vest ratably over 4 years on March 1st of each year after the grant date. Such options were scheduled to expire within one year from the date hereof.