SEC Form 4 · accession 0001209191-16-119140
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
May 9, 2016
Accepted (ET)
May 11, 2016 · 4:27 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 | 12,124 | $39.20 | A | 60,081 | D | |
| Common StockF1 | May 9, 2016 | S | 12,124 | $48.75 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2 | $39.20 | May 9, 2016 | M | 12,124 | D | — | Sep 29, 2024 | Common Stock | 12,124 | 12,125 | D |
Explanation of responses
- F1Represents the weighted average sale price. Sale prices range from $48.67 - $48.83.
- F2Options vest ratably over 4 years on March 1st of each year after the grant date.