SEC Form 4 · accession 0000899243-16-026976
NexPoint Residential Trust, Inc. · NXRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James D Dondero
Officer — President · Director · 10% Owner
Period of report
Aug 11, 2016
Accepted (ET)
Aug 12, 2016 · 4:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001620393
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Aug 11, 2016 | A | 51,046 | A | — | — | Common Stock | 51,046 | 51,046 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.
- F2The restricted stock units vest 50% on August 11, 2017, 25% on August 11, 2018 and 25% on August 11, 2019. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.