SEC Form 4 · accession 0000899243-17-019818
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
Aug 3, 2017
Accepted (ET)
Aug 7, 2017 · 5:59 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 | Aug 3, 2017 | P | 41,900 | $24.2835 | A | 41,900 | I | By Highland Capital Management Fund Advisors, L.P. |
| Common StockF3,F4 | holding | — | — | — | 2,027,350 | I | By Highland Capital Management, L.P. | |
| Common Stock | holding | — | — | — | 5,202 | D | ||
| Common StockF5 | holding | — | — | — | 15,400 | I | By NexPoint Advisors, L.P. | |
| Common StockF4,F6 | holding | — | — | — | 1,915,536 | I | By trust | |
| Common StockF7 | holding | — | — | — | 7,500 | I | By limited liability company | |
| Common StockF4 | holding | — | — | — | 20,459 | I | By employee benefit plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $24.1167 to $24.4310, inclusive. The reporting person undertakes to provide to the company, any security holder of the company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F2These shares are held by Highland Capital Management Fund Advisors, L.P. ("HCMFA") indirectly through an advised account. Mr. Dondero is the sole stockholder and director of Strand Advisors XVI, Inc., HCMFA's general partner, and may be deemed to be an indirect beneficial owner of shares held by HCMFA. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F3These 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.
- F4Includes shares acquired through reinvestment of dividends.
- F5These 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.
- F6These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.
- F7These shares are held by a limited liability company in which the trust referenced in footnote 6 to this Form 4 owns a majority interest. Mr. Dondero disclaims beneficial ownership of such shares.