SEC Form 4 · accession 0000899243-17-022202
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
Sep 14, 2017
Accepted (ET)
Sep 18, 2017 · 4:05 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 StockF2,F3 | Sep 14, 2017 | J | 23,070 | $23.8409 | A | 1,822,284 | I | By Highland Capital Management, L.P. |
| Common StockF4 | Sep 15, 2017 | P | 1,000 | $23.4768 | A | 18,400 | I | By NexPoint Advisors, L.P. |
| Common Stock | holding | — | — | — | 30,725 | D | ||
| Common StockF5 | holding | — | — | — | 1,915,536 | I | By trust | |
| Common StockF6 | holding | — | — | — | 7,500 | I | By limited liability company | |
| Common Stock | holding | — | — | — | 20,500 | I | By employee benefit plan | |
| Common StockF7 | holding | — | — | — | 54,500 | I | By Highland Capital Management Fund Advisors, L.P. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares acquired in connection with issuer's dividend reinvestment plan. Under operation of the plan, monthly purchases are conducted by the plan administrator evenly over the course of approximately the first 20 days of the month.
- 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.
- F7These 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.