SEC Form 4 · accession 0000899243-18-000864

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

Jan 8, 2018

Accepted (ET)

Jan 10, 2018 · 4:05 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^F1,F2	Jan 8, 2018	P	3,779	$27.6812	A	2,231,107	I	By Highland Capital Management, L.P.
Common Stock^F2	Jan 9, 2018	P	10,286	$27.6861	A	2,241,393	I	By Highland Capital Management, L.P.
Common Stock^F3	holding	—	—		—	19,662	I	By NexPoint Advisors, L.P.
Common Stock	holding	—	—		—	31,055	D
Common Stock^F4	holding	—	—		—	1,611,275	I	By trust
Common Stock^F5	holding	—	—		—	7,500	I	By limited liability company
Common Stock^F6	holding	—	—		—	21,879	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

F1This transaction was executed in multiple trades at prices ranging from $27.6500 to $27.6822. 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.
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.
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 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.
F6Includes shares acquired through reinvestment of dividends.
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.