SEC Form 4 · accession 0001209191-17-017532
HIGHWOODS PROPERTIES, INC. · HIW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Douglas Miller
Officer — EVP, General Counsel & Sec.
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 4:24 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 | 8,608 | $0.00 | A | 74,266 | D | |
| Common StockF2 | Mar 1, 2017 | A | 2,599 | $0.00 | A | 76,865 | D | |
| Common StockF3 | Mar 1, 2017 | F | 4,635 | $0.00 | D | 72,230 | D | |
| Common Stock | Mar 1, 2017 | M | 3,690 | $36.50 | A | 75,920 | D | |
| Common Stock | Mar 1, 2017 | M | 3,676 | $37.71 | A | 79,596 | D | |
| Common Stock | Mar 1, 2017 | M | 4,214 | $45.61 | A | 83,810 | D | |
| Common Stock | Mar 1, 2017 | M | 5,829 | $43.55 | A | 89,639 | D | |
| Common StockF4 | Mar 1, 2017 | S | 17,409 | $52.26 | D | 72,230 | D | |
| Common StockF5 | Mar 2, 2017 | S | 1,000 | $52.21 | D | 71,230 | 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)F6 | $52.49 | Mar 1, 2017 | A | 16,500 | A | — | Feb 28, 2027 | Common Stock | 16,500 | 16,500 | D |
| Employee Stock Option (right to buy)F6 | $36.50 | Mar 1, 2017 | M | 3,690 | D | — | Feb 28, 2020 | Common Stock | 3,690 | 0 | D |
| Employee Stock Option (right to buy)F6 | $37.71 | Mar 1, 2017 | M | 3,676 | D | — | Feb 28, 2024 | Common Stock | 3,676 | 3,676 | D |
| Employee Stock Option (right to buy)F6 | $45.61 | Mar 1, 2017 | M | 4,214 | D | — | Feb 27, 2025 | Common Stock | 4,214 | 8,429 | D |
| Employee Stock Option (right to buy)F6 | $43.55 | Mar 1, 2017 | M | 5,829 | D | — | Feb 28, 2026 | Common Stock | 5,829 | 17,485 | 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.
- F4Represents the weighted average sale price. Sale prices range from $52.10 - $52.61.
- F5Represents the weighted average sale price. Sale prices range from $52.21 - $52.22.
- F6Options vest ratably over four years on March 1st of each year after the grant date.