SEC Form 4 · accession 0000899243-16-029032
NexPoint Residential Trust, Inc. · NXRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
HIGHLAND CAPITAL MANAGEMENT LP
10% Owner
James D Dondero
Officer — President · Director · 10% Owner
NexPoint Advisors, L.P.
10% Owner
Period of report
Sep 13, 2016
Accepted (ET)
Sep 15, 2016 · 4:39 pm EDT
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 | Sep 13, 2016 | J | 54,137 | $20.319 | A | 1,754,788 | I | By Highland Capital Management, L.P. |
| Common Stock | holding | — | — | — | 5,051 | D | ||
| Common StockF4 | holding | — | — | — | 15,400 | I | By NexPoint Advisors, L.P. | |
| Common StockF5 | holding | — | — | — | 1,860,832 | I | By trust | |
| Common StockF6 | holding | — | — | — | 7,500 | I | By limited liability company | |
| Common Stock | holding | — | — | — | 18,955 | I | By employee benefit plan | |
| Common Stock | holding | — | — | — | 49,542 | I | By trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares acquired in connection with issuer's dividend reinvestment plan with all purchases funded and instructions given on or about September 1, 2016. Under operation of the plan, monthly purchases are conducted by the plan administrator evenly over the course of approximately the first 20 days after initial funding date.
- 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 through reinvestment of dividends.
- F4These shares are held by NexPoint Advisors, L.P. ("NP") indirectly through an advised account. Mr. Dondero is the sole member of NP's general partner, and may be deemed to be an indirect beneficial owner of shares held by NP. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F5These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.
- F6These shares are held by a limited liability company in which the trust referenced in footnote 5 to this Form 4 owns a majority interest. Mr. Dondero disclaims beneficial ownership of such shares.