SEC Form 4 · accession 0001209191-17-017554

HIGHWOODS PROPERTIES, INC. · HIW

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP/COO/CIO

Period of report

Mar 1, 2017

Accepted (ET)

Mar 3, 2017 · 4:27 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
Common Stock^F1	Mar 1, 2017	A	12,016	$0.00	A	64,586	D
Common Stock^F2	Mar 1, 2017	A	2,626	$0.00	A	67,212	D
Common Stock^F3	Mar 1, 2017	F	5,699	$0.00	D	61,513	D
Common Stock	Mar 2, 2017	M	1,800	$36.50	A	63,313	D
Common Stock^F4	Mar 2, 2017	S	1,800	$52.28	D	61,513	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (right to buy)^F5	$52.49	Mar 1, 2017	A	23,036	A	—	Feb 28, 2027	Common Stock	23,036	23,036	D
Employee Stock Option (right to buy)^F5	$36.50	Mar 2, 2017	M	1,800	D	—	Feb 28, 2020	Common Stock	1,800	1,084	D

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 $52.25 - $52.32.
F5Options vest ratably over four years on March 1st of each year after the grant date.