SEC Form 4 · accession 0000899243-16-034359

NEXPOINT DIVERSIFIED REAL ESTATE TRUST · NXDT

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

Reporting owner

10% Owner · Other

Period of report

Nov 21, 2016

Accepted (ET)

Nov 23, 2016 · 5:30 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001356115

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1,F2,F3	Nov 21, 2016	J	49,382	$21.2021	A	849,173	I	See Footnote
Common Stock^F3,F4	holding	—	—		—	20,796	I	By employee benefit plan
Common Stock^F3,F5,F4	holding	—	—		—	2,175,296	I	See Footnote
Common Stock^F3,F6	holding	—	—		—	4,324	D
Common Stock^F3	holding	—	—		—	43,398	I	By trust

No Table II lines on this filing.

F1Shares acquired in connection with issuer's dividend reinvestment plan with all purchases funded and instructions given on or about November 1, 2016. Under operation of the plan, monthly purchases are conducted by the plan administrator evenly over the course of approximately the first 20 days after initial funding date.
F2These shares are held by Highland Capital Management, L.P. ("HCMLP") both directly and indirectly through advised accounts. Mr. Dondero is the President and the director of Strand Advisors, Inc., HCMLP's general partner, and may be deemed to be an indirect beneficial owner of shares held by HCMLP. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F3Includes shares acquired under the issuer's dividend reinvestment plan.
F4These shares are held pursuant to an employee benefit plan.
F5These shares are held by The Dugaboy Investment Trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.
F6These shares are held directly by Mr. Dondero.