SEC Form 4 · accession 0000899243-18-029889
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
Nov 28, 2018
Accepted (ET)
Nov 30, 2018 · 6:12 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 StockF2,F3 | Nov 28, 2018 | S | 888,731 | $22.09 | D | 1,571,290 | I | See Footnote |
| Common StockF2,F3 | Nov 28, 2018 | P | 888,731 | $22.09 | A | 1,571,290 | I | See Footnote |
| Common StockF4,F2,F3 | Nov 28, 2018 | J | 22,537 | $22.19 | A | 1,598,622 | I | See Footnote |
| Common StockF5 | holding | — | — | — | 43,376 | I | By employee benefit plan | |
| Common StockF6 | holding | — | — | — | 2,931,017 | I | See Footnote | |
| Common StockF7 | holding | — | — | — | 1,015,991 | I | See Footnote | |
| Common StockF8,F4 | holding | — | — | — | 9,480 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person's purchase and sale of NexPoint Strategic Opportunities Fund ("NHF") common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934. The Reporting Person has disgorged $77.16 to NHF, representing the full amount of his pecuniary interest in the deemed 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.
- F4Shares acquired in connection with issuer's dividend reinvestment plan. Under operation of the plan, monthly purchases are conducted by the plan administrator evenly over the course of approximately the first 20 days of the month.
- F5These shares are held pursuant to an employee benefit plan.
- F6These shares are held by The Dugaboy Investment Trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.
- F7These 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.
- F8These shares are held directly by Mr. Dondero.
Remarks
President and Principal Executive Officer