SEC Form 4 · accession 0001209191-16-130525
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 29, 2016
Accepted (ET)
Jul 1, 2016 · 4:55 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 29, 2016 | M | 44,975 | $32.00 | A | 471,533 | D | |
| Common StockF1 | Jun 29, 2016 | S | 44,975 | $51.84 | D | 426,558 | D | |
| Common Stock | Jul 1, 2016 | M | 40,847 | $36.50 | A | 467,405 | D | |
| Common StockF2 | Jul 1, 2016 | S | 40,847 | $52.75 | 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 | $32.00 | Jun 29, 2016 | M | 44,975 | D | — | Feb 28, 2019 | Common Stock | 44,975 | 0 | D |
| Employee Stock Option (right to buy)F3 | $36.50 | Jul 1, 2016 | M | 40,847 | D | — | Feb 28, 2020 | Common Stock | 40,847 | 13,615 | D |
Explanation of responses
- F1Represents the weighted average sale price. Sale prices range from $51.65 - $52.27.
- F2Represents the weighted average sale price. Sale prices range from $52.60 - $53.21.
- F3Options vest ratably over 4 years on March 1st of each year after the grant date.