SEC Form 4 · accession 0001209191-15-007467

NEXPOINT DIVERSIFIED REAL ESTATE TRUST · NXDT

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

Reporting owner

James D Dondero

Other

Period of report

Jan 27, 2015

Accepted (ET)

Jan 29, 2015 · 4:26 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 Stock^F1	Jan 27, 2015	P	87	$11.4936	A	65,940	D
Common Stock	Jan 27, 2015	P	87	$11.4936	A	66,027	D
Common Stock^F1	Jan 27, 2015	P	102,037	$11.321	A	4,715,508	I	By trust
Common Stock^F2	holding	—	—		—	1,364,931	I	By Highland Capital Management, L.P.
Common Stock^F1	holding	—	—		—	136,046	I	By trust
Common Stock^F1,F3	holding	—	—		—	27,226	I	By PCMG Trading Partners XXIII, L.P.
Common Stock^F4	holding	—	—		—	661,581	I	By Highland CDO Holding Company
Common Stock^F5	holding	—	—		—	582	I	By Highland Equity Focus Fund, L.P.
Common Stock^F6	holding	—	—		—	11,935	I	By Highland Capital Management Services, Inc.
Common Stock^F7	holding	—	—		—	197,371	I	By Governance Re, Ltd.

Table II — derivative securities

No Table II lines on this filing.

Explanation of responses

F1Includes shares acquired under the issuer's dividend reinvestment plan.
F2These shares are directly held by Highland Capital Management, L.P. ("HCMLP"). 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.
F3These shares are directly held by PCMG Trading Partners XXIII, L.P. ("PCMG"). Mr. Dondero is the President of Strand Advisors III Inc., PCMG's General Partner, and may be deemed to be an indirect beneficial owner of shares held by PCMG. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F4These shares are directly held by Highland CDO Holding Company ("HCDO"). HCMLP is the investment adviser of HCDO. 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 HCDO. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F5These shares are directly held by Highland Equity Focus Fund, L.P. ("HEFF"). HCMLP is the investment adviser of HEFF. 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 HEFF. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F6These shares are directly held by Highland Capital Management Services, Inc. ("HCMSI"). Mr. Dondero is the President of HCMSI and may be deemed to be the indirect beneficial owner of the shares held by HCMSI. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F7These shares are directly held by Governance Re, Ltd. ("Governance"). Mr. Dondero is the President of HCMSI, which is the sole member of Thread 55, LLC, which is the sole shareholder of Governance, and may be deemed to be an indirect beneficial owner of shares held by Governance. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.