SEC Form 4 · accession 0000899243-17-029349
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
Dec 18, 2017
Accepted (ET)
Dec 20, 2017 · 8:00 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 StockF1,F2 | Dec 18, 2017 | P | 10,000 | $28.5025 | A | 1,911,154 | I | By Highland Capital Management, L.P. |
| Common StockF4 | Dec 18, 2017 | J | 316,174 | $26.62 | D | 1,611,275 | I | By trust |
| Common Stock | Dec 18, 2017 | J | 316,174 | $26.62 | A | 2,227,328 | I | By Highland Capital Management, L.P. |
| Common StockF5 | holding | — | — | — | 19,662 | I | By NexPoint Advisors, L.P. | |
| Common Stock | holding | — | — | — | 31,055 | D | ||
| Common StockF6 | holding | — | — | — | 7,500 | I | By limited liability company | |
| Common Stock | holding | — | — | — | 21,844 | I | By employee benefit plan | |
| Common StockF7 | holding | — | — | — | 55,010 | I | By Highland Capital Management Fund Advisors, L. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging form $28.43 to $28.5063. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- 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.
- F3An entity referenced in footnote 2 to this Form 4 loaned the entity referenced in footnote 4 to this Form 4 shares of the issuer. On December 18, 2017, a portion of this loan was repaid in cash which resulted in a deemed disposition of the shares serving as collateral for the repaid portion of the loan. Mr. Dondero has disgorged $8,811.75 to the issuer, representing the full amount of his pecuniary interest in the deemed profit resulting from any matchable transactions.
- F4These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.
- 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 limited liability company in which the trust referenced in footnote 4 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.