SEC Form 4 · accession 0000899243-16-036291
NEXPOINT DIVERSIFIED REAL ESTATE TRUST · NXDT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James D Dondero
10% Owner · Other
Period of report
Dec 21, 2016
Accepted (ET)
Dec 23, 2016 · 4:06 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 StockF1,F2,F3 | Dec 21, 2016 | J | 46,515 | $22.5743 | A | 901,181 | I | See Footnote |
| Common StockF4,F3 | holding | — | — | — | 21,080 | I | By employee benefit plan | |
| Common StockF5,F3,F4 | holding | — | — | — | 2,197,416 | I | See Footnote | |
| Common StockF6,F3 | holding | — | — | — | 4,364 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares acquired in connection with issuer's dividend reinvestment plan with all purchases funded and instructions given on or about December 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.