SEC Form 4 · accession 0000899243-18-027894

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

Oct 30, 2018

Accepted (ET)

Nov 1, 2018 · 4:18 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	Oct 30, 2018	P	3,900	$21.34	A	1,435,180	I	See Footnote
Common Stock^F1	Oct 30, 2018	P	31,005	$21.40	A	1,466,185	I	See Footnote
Common Stock^F1	Oct 30, 2018	P	636	$21.45	A	1,466,821	I	See Footnote
Common Stock^F1	Oct 31, 2018	P	4,017	$21.65	A	1,470,838	I	See Footnote
Common Stock^F1	Oct 31, 2018	P	36,531	$21.64	A	1,507,369	I	See Footnote
Common Stock^F2,F6	holding	—	—		—	43,376	I	By employee benefit plan
Common Stock^F3,F6	holding	—	—		—	2,931,017	I	See Footnote
Common Stock^F4	holding	—	—		—	1,015,991	I	See Footnote
Common Stock^F5,F6	holding	—	—		—	9,472	D

No Table II lines on this filing.

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.
F2These shares are held pursuant to an employee benefit plan.
F3These shares are held by The Dugaboy Investment Trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.
F4These shares are held by certain 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.
F5These shares are held directly by Mr. Dondero.
F6Includes shares acquired under the issuer's dividend reinvestment plan.

President and Principal Executive Officer