SEC Form 4 · accession 0000899243-17-020317
NEXPOINT DIVERSIFIED REAL ESTATE TRUST · NXDT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James D Dondero
Officer — See Remarks · 10% Owner
Period of report
Aug 11, 2017
Accepted (ET)
Aug 15, 2017 · 4:06 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 StockF2,F3,F1 | Aug 11, 2017 | S | 165,395 | $21.94 | D | 1,046,944 | I | See Footnote |
| Common StockF2,F3,F1 | Aug 11, 2017 | S | 100 | $21.94 | D | 1,046,844 | I | See Footnote |
| Common StockF5,F3 | holding | — | — | — | 2,656 | I | See Footnote | |
| Common StockF6 | holding | — | — | — | 37,428 | I | By employee benefit plan | |
| Common StockF7,F3,F5 | holding | — | — | — | 2,371,824 | I | See Footnote | |
| Common StockF8,F3 | holding | — | — | — | 4,599 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person's sale of NexPoint Credit Strategies Fund ("NHF") common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934. The Reporting Person has disgorged $167,149.95 to NHF, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.
- 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.
- F4The Reporting Person's purchase and sale of NHF common stock reported herein were matchable under Section 16(b) of the Securities Exchange Act of 1934. The Reporting Person has disgorged $101.00 to NHF, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs
- F5These 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.
- F6These shares are held pursuant to an employee benefit plan.
- F7These shares are held by The Dugaboy Investment Trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.
- F8These shares are held directly by Mr. Dondero.
Remarks
President and Principal Executive Officer