SEC Form 4 · accession 0000899243-15-010480
NexPoint Residential Trust, Inc. · NXRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James D Dondero
10% Owner · Other
Period of report
Dec 24, 2015
Accepted (ET)
Dec 29, 2015 · 7:29 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001620393
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Dec 24, 2015 | S$0 | 0 | — | D | 1,592,994 | I | See Footnote |
| Common StockF4 | holding | — | — | — | 18,178 | I | By employee benefit plan | |
| Common StockF5 | holding | — | — | — | 1,717,598 | I | See Footnote | |
| Common StockF6 | holding | — | — | — | 4,837 | D | ||
| Common Stock | holding | — | — | — | 47,345 | I | By trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1A trust (the "Trust") sold a majority of its pecuniary, non-voting, non-control interest in Highland Capital Management, L.P. ("HCMLP") to another trust in a private transaction. Mr. Dondero has an indirect interest in such transaction as a beneficiary of the Trust. However, neither HCMLP nor the Trust sold any NXRT shares and therefore there is no change in the number of NXRT shares held. Mr. Dondero continues to have a reportable interest in the shares held by HCMLP through his indirect limited partner interest (through the Trust) and general partner interest (through Strand Advisors, Inc. ("Strand")) in HCMLP, and in the shares held by the Trust as a beneficiary of the Trust.
- F2These shares are held by HCMLP both directly and indirectly through advised accounts. Mr. Dondero is the President and the director of Strand, 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.
- F4These shares are held pursuant to an employee benefit plan.
- F5These shares are held by the Trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.
- F6These shares are held directly by Mr. Dondero.