HIGHWOODS PROPERTIES INC 4
4 · HIGHWOODS PROPERTIES INC · Filed Mar 2, 2016
Insider Transaction Report
Form 4
Penn Kevin E
VP/Chief Strategy & Admin
Transactions
- Award
Common Stock
2016-02-29+3,082→ 28,920 total - Award
Stock Option (right to buy)
2016-02-29$43.55/sh+7,313$318,481→ 7,313 totalExercise: $43.55Exp: 2026-02-28→ Common Stock (7,313 underlying) - Award
Common Stock
2016-02-29+171→ 29,091 total - Tax Payment
Common Stock
2016-02-29−613→ 28,478 total - Tax Payment
Common Stock
2016-03-01−552→ 27,926 total
Footnotes (4)
- [F1]Restricted stock is granted by the Company and not purchased by the reporting person.
- [F2]Represents 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.
- [F3]In 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 his tax liabilities.
- [F4]Options vest ratably over 4 years on March 1st of each year after the grant date.