SEC Form 4 · accession 0001209191-16-128645
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
Jun 15, 2016
Accepted (ET)
Jun 17, 2016 · 5:13 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 | Jun 15, 2016 | M | 9,703 | $33.93 | A | 436,261 | D | |
| Common StockF1 | Jun 15, 2016 | S | 9,703 | $49.50 | D | 426,558 | D | |
| Common Stock | Jun 16, 2016 | M | 14,953 | $33.93 | A | 441,511 | D | |
| Common StockF2 | Jun 16, 2016 | S | 14,953 | $49.27 | 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 | $33.93 | Jun 15, 2016 | M | 9,703 | D | — | Feb 27, 2018 | Common Stock | 9,703 | 14,953 | D |
| Employee Stock Option (right to buy)F3 | $33.93 | Jun 16, 2016 | M | 14,953 | D | — | Feb 27, 2018 | Common Stock | 14,953 | 0 | D |
Explanation of responses
- F1Represents the weighted average sale price. Sale prices range from $49.50 - $49.54.
- F2Represents the weighted average sale price. Sale prices range from $49.04 - $49.52.
- F3Options vest ratably over 4 years on March 1st of each year after the grant date.