SEC Form 4 · accession 0000899243-17-028888

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

HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P.

10% Owner

NexPoint Advisors, L.P.

10% Owner

Period of report

Dec 14, 2017

Accepted (ET)

Dec 15, 2017 · 6:51 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 Stock	Dec 14, 2017	J	20,028	$27.4615	A	1,883,154	I	By Highland Capital Management, L.P.
Common Stock^F2	Dec 14, 2017	P	18,000	$26.653	A	1,901,154	I	By Highland Capital Management, L.P.
Common Stock^F3	holding	—	—		—	19,662	I	By NexPoint Advisors, L.P.
Common Stock^F4	holding	—	—		—	31,055	D
Common Stock^F5	holding	—	—		—	1,927,449	I	By trust
Common Stock^F6	holding	—	—		—	7,500	I	By limited liability company
Common Stock^F4	holding	—	—		—	21,844	I	By employee benefit plan
Common Stock^F7	holding	—	—		—	55,010	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.
F3These 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.
F4Includes shares acquired through reinvestment of dividends.
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.