SEC Form 4 · accession 0001209191-17-017522
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 1, 2017
Accepted (ET)
Mar 3, 2017 · 4:22 pm EST
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 StockF1 | Mar 1, 2017 | A | 31,744 | $0.00 | A | 453,898 | D | |
| Common StockF2 | Mar 1, 2017 | A | 9,591 | $0.00 | A | 463,489 | D | |
| Common StockF3 | Mar 1, 2017 | F | 22,938 | $0.00 | D | 440,551 | D | |
| Common Stock | holding | — | — | — | 100 | 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)F4 | $52.49 | Mar 1, 2017 | A | 60,844 | A | — | Feb 28, 2027 | Common Stock | 60,844 | 60,844 | D |
Explanation of responses
- F1Consists of time-based restricted stock that vests ratably over four years on March 1st of each year after the grant date and total return-based restricted stock that vests at the end of the applicable measurement period to the extent actual performance exceeds certain levels of performance.
- F2Represents the number of shares earned under the Company's Long-Term Incentive Plan - Total Shareholder Return Plan because the Company achieved above target levels of performance relative to predetermined goals.
- F3In accordance with the terms of the initial restricted stock award and in connection with the vesting of the award, the reporting person tendered a portion of the restricted stock award to the issuer in satisfaction of tax liabilities.
- F4Options vest ratably over four years on March 1st of each year after the grant date.