SEC Form 4 · accession 0000899243-17-015284

NEXPOINT DIVERSIFIED REAL ESTATE TRUST · NXDT

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

Reporting owner

Officer — See Remarks · 10% Owner

Period of report

May 19, 2017

Accepted (ET)

Jun 5, 2017 · 4:05 pm EDT

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	May 19, 2017	X	140,697	$20.93	A	1,155,851	I	See Footnote
Common Stock^F1,F2	May 22, 2017	X	22,348	$20.93	A	1,178,199	I	See Footnote
Common Stock^F1,F2	May 24, 2047	X	33	$20.93	A	1,178,232	I	See Footnote
Common Stock^F1,F2	Jun 1, 2017	X	8,159	$20.93	A	1,186,391	I	See Footnote
Common Stock^F3	May 24, 2017	X	132	$20.93	A	532	I	See Footnote
Common Stock^F3	Jun 1, 2017	X	2,124	$20.93	A	2,656	I	See Footnote
Common Stock^F4	May 19, 2017	X	7,226	$20.93	A	29,280	I	By employee benefit plan
Common Stock^F4	Jun 1, 2017	X	7,946	$20.93	A	37,226	I	By employee benefit plan
Common Stock^F5,F2	May 22, 2017	X	46,100	$20.93	A	2,335,835	I	See Footnote
Common Stock^F6,F2	holding	—	—		—	4,518	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Subscription Rights (right to buy)^F1	$20.93	May 19, 2017	X	140,697	D	May 8, 2017	May 24, 2017	Common Stock	140,670	I
Subscription Rights (right to buy)^F1	$20.93	May 22, 2017	X	22,348	D	May 8, 2017	May 24, 2017	Common Stock	22,348	I
Subscription Rights (right to buy)^F1	$20.93	May 24, 2017	X	33	D	May 8, 2017	May 24, 2017	Common Stock	33	I
Subscription Rights (right to buy)^F1	$20.93	Jun 1, 2017	X	8,159	D	May 8, 2017	May 24, 2017	Common Stock	8,159	I
Subscription Rights (right to buy)^F3	$20.93	May 24, 2017	X	132	D	May 8, 2017	May 24, 2017	Common Stock	132	I
Subscription Rights (right to buy)^F3	$20.93	Jun 1, 2017	X	2,124	D	May 8, 2017	May 24, 2017	Common Stock	2,124	I
Subscription Rights (right to buy)	$20.93	May 19, 2017	X	7,226	D	May 8, 2017	May 24, 2017	Common Stock	7,226	I
Subscription Rights (right to buy)	$20.93	Jun 1, 2017	X	7,946	D	May 8, 2017	May 24, 2017	Common Stock	7,946	I
Subscription Rights (right to buy)^F5	$20.93	May 22, 2017	X	46,100	D	May 8, 2017	May 24, 2017	Common Stock	46,100	I

F1These 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.
F2Includes shares acquired under the issuer's dividend reinvestment plan.
F3These shares are held by certain private funds and managed accounts ultimately advised by Mr. Dondero (collectively, the "Highland Accounts"). Mr. Dondero may be deemed to be an indirect beneficial owner of shares held by the Highland Accounts. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
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.

President and Principal Executive Officer