SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Reames W Brian

(Last)

(First)

(Middle)

C/O HIGHWOODS PROPERTIES, INC.

3100 SMOKETREE COURT, SUITE 600

(Street)

RALEIGH

27604

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/02/2004

3. Issuer Name and Ticker or Trading Symbol
HIGHWOODS PROPERTIES INC [ HIW ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Sr. Vice President

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	54,393	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (right to buy)	⁽¹⁾	04/01/2006	Common Stock	18,750	$27.5	D
Stock Option (right to buy)	⁽¹⁾	03/25/2009	Common Stock	19,891	$22.19	D
Stock Option (right to buy)	⁽¹⁾	02/28/2010	Common Stock	2,400	$20.69	D
Stock Option (right to buy)	⁽¹⁾	02/28/2010	Common Stock	3,200	$14.59	D
Stock Option (right to buy)	⁽¹⁾	02/28/2011	Common Stock	23,145	$24.99	D
Stock Option (right to buy)	⁽¹⁾	02/28/2012	Common Stock	22,004	$27.05	D
Stock Option (right to buy)	⁽¹⁾	02/28/2013	Common Stock	29,015	$21.01	D
Stock Option (right to buy)	⁽¹⁾	02/28/2014	Common Stock	23,312	$26.15	D
Phantom Stock⁽²⁾	01/31/2006	01/31/2006	Common Stock	518.75	⁽³⁾	D
Phantom Stock⁽²⁾	01/31/2007	01/31/2007	Common Stock	1,654.35	⁽³⁾	D
Phantom Stock⁽²⁾	01/31/2007	01/31/2007	Common Stock	59.21	⁽³⁾	D
Phantom Stock⁽²⁾	01/31/2007	01/31/2007	Common Stock	63.8	⁽³⁾	D
Phantom Stock⁽²⁾	01/31/2007	01/31/2007	Common Stock	65.63	⁽³⁾	D
Phantom Stock⁽²⁾	01/31/2008	01/31/2008	Common Stock	560.26	⁽³⁾	D
Phantom Stock⁽²⁾	01/31/2008	01/31/2008	Common Stock	635.96	⁽³⁾	D
Phantom Stock⁽²⁾	01/31/2008	01/31/2008	Common Stock	932.73	⁽³⁾	D
Phantom Stock⁽²⁾	01/31/2008	01/31/2008	Common Stock	1,506.14	⁽³⁾	D
Phantom Stock⁽²⁾	01/31/2009	01/31/2009	Common Stock	1,667.55	⁽³⁾	D
Phantom Stock⁽²⁾	01/31/2009	01/31/2009	Common Stock	929.2	⁽³⁾	D
Phantom Stock⁽²⁾	01/31/2009	01/31/2009	Common Stock	787.29	⁽³⁾	D
Phantom Stock⁽²⁾	01/31/2009	01/31/2009	Common Stock	864.55	⁽³⁾	D
Phantom Stock⁽²⁾	01/31/2010	01/31/2010	Common Stock	1,490.57	⁽³⁾	D
Phantom Stock⁽²⁾	01/31/2010	01/31/2010	Common Stock	934.85	⁽³⁾	D

Explanation of Responses:

1. Option vests ratably on the first through fourth anniversaries of grant date.

2. Pursuant to issuer's Deferred Compensation Plan adopted under its 1994 Stock Option Plan.

3. Security converts to cash price of common stock on a one-for-one basis.

Remarks:

	Cynthia M. Latvala for W. Brian Reames	10/01/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.