SEC Form 4 · accession 0001209191-16-119135
HIGHWOODS PROPERTIES, INC. · HIW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Theodore J Klinck
Officer — EVP/COO & Investment Officer
Period of report
May 9, 2016
Accepted (ET)
May 11, 2016 · 4:24 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 | May 9, 2016 | M | 2,277 | $31.36 | A | 53,189 | D | |
| Common Stock | May 9, 2016 | M | 2,885 | $36.50 | A | 56,074 | D | |
| Common Stock | May 9, 2016 | M | 2,873 | $37.71 | A | 58,947 | D | |
| Common Stock | May 9, 2016 | M | 4,362 | $45.61 | A | 63,309 | D | |
| Common StockF1 | May 9, 2016 | S | 12,397 | $48.86 | D | 50,912 | 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 | $31.36 | May 9, 2016 | M | 2,277 | D | — | Mar 11, 2019 | Common Stock | 2,277 | 0 | D |
| Employee Stock Option (right to buy)F2 | $36.50 | May 9, 2016 | M | 2,885 | D | — | Feb 28, 2020 | Common Stock | 2,885 | 2,884 | D |
| Employee Stock Option (right to buy)F2 | $37.71 | May 9, 2016 | M | 2,873 | D | — | Feb 28, 2024 | Common Stock | 2,873 | 5,746 | D |
| Employee Stock Option (right to buy)F2 | $45.61 | May 9, 2016 | M | 4,362 | D | — | Feb 27, 2025 | Common Stock | 4,362 | 13,085 | D |
Explanation of responses
- F1Represents the weighted average sale price. Sale prices range from $48.77 - $48.89.
- F2Options vest ratably over 4 years on March 1st of each year after the grant date.