SEC Form 4 · accession 0001562180-18-001393
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, 2018
Accepted (ET)
Mar 2, 2018 · 4:25 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, 2018 | A | 54,216 | $0.00 | A | 495,691 | D | |
| Common StockF2 | Mar 1, 2018 | F | 13,583 | $0.00 | D | 482,108 | D | |
| Common StockF3 | Mar 1, 2018 | D | 4,177 | $0.00 | D | 477,931 | D | |
| Common Stock | holding | — | — | — | 100 | I | By Children |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Consists of time-based restricted stock granted by the Company that vests ratably over four years on March 1st of each year after the grant date and total return-based restricted stock granted by the Company that vests at the end of the applicable measurement period to the extent actual performance exceeds certain levels of performance.
- F2In 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.
- F3Represents the number of shares forfeited under the Company's Long-Term Incentive Plan - Total Shareholder Return Plan because the Company achieved less than target levels of performance relative to predetermined goals.