SEC Form 4 · accession 0000899243-18-016098

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

Jun 7, 2018

Accepted (ET)

Jun 11, 2018 · 7:39 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	Jun 7, 2018	M	217,865	$21.30	A	351,861	I	See Footnote
Common Stock^F1	Jun 7, 2018	M	43,573	$21.30	A	85,855	I	See Footnote
Common Stock^F1	Jun 7, 2018	M	43,573	$21.30	A	85,852	I	See Footnote
Common Stock^F1	Jun 7, 2018	M	43,573	$21.30	A	65,078	I	See Footnote
Common Stock^F1	Jun 7, 2018	M	217,865	$21.30	A	427,345	I	See Footnote
Common Stock^F2	Jun 7, 2018	M	2,186	$21.30	A	2,850	I	See Footnote
Common Stock^F3	Jun 7, 2018	M	152,506	$21.30	A	2,602,797	I	See Footnote
Common Stock^F2	Jun 7, 2018	M	152,505	$21.30	A	1,143,156	I	See Footnote
Common Stock^F2	Jun 7, 2018	M	860	$21.30	A	26,805	I	See Footnote
Common Stock^F2	Jun 7, 2018	M	4,357	$21.30	A	7,340	I	See Footnote
Common Stock^F4	Jun 7, 2018	M	860	$21.30	A	41,527	I	See Footnote
Common Stock	holding	—	—		—	5,163	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Subscription Rights (right to buy)^F1	$21.30	Jun 7, 2018	M	217,865	D	May 10, 2018	May 29, 2018	Common Stock	217,865	I
Subscription Rights (right to buy)^F1	$21.30	Jun 7, 2018	M	43,573	D	May 10, 2018	May 29, 2018	Common Stock	43,573	I
Subscription Rights (right to buy)^F1	$21.30	Jun 7, 2018	M	43,573	D	May 10, 2018	May 29, 2018	Common Stock	43,573	I
Subscription Rights (right to buy)^F1	$21.30	Jun 7, 2018	M	43,573	D	May 10, 2018	May 29, 2018	Common Stock	43,573	I
Subscription Rights (right to buy)^F1	$21.30	Jun 7, 2018	M	217,865	D	May 10, 2018	May 29, 2018	Common Stock	217,865	I
Subscription Rights (right to buy)^F2	$21.30	Jun 7, 2018	M	2,186	D	May 10, 2018	May 29, 2018	Common Stock	2,186	I
Subscription Rights (right to buy)^F3	$21.30	Jun 7, 2018	M	152,506	D	May 10, 2018	May 29, 2018	Common Stock	152,506	I
Subscription Rights (right to buy)^F1	$21.30	Jun 7, 2018	M	152,505	D	May 10, 2018	May 29, 2018	Common Stock	152,505	I
Subscription Rights (right to buy)^F2	$21.30	Jun 7, 2018	M	860	D	May 10, 2018	May 29, 2018	Common Stock	860	I
Subscription Rights (right to buy)^F2	$21.30	Jun 7, 2018	M	4,357	D	May 10, 2018	May 29, 2018	Common Stock	4,357	I
Subscription Rights (right to buy)^F4	$21.30	Jun 7, 2018	M	860	D	May 10, 2018	May 29, 2018	Common Stock	860	I

F1These 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 have 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.
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., HMCLP'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.
F3These shares are held by The Dugaboy Investment Trust pursuant to an employee purchase plan. 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.

President and Principal Executive Officer