SEC Form 4 · accession 0000899243-18-000985
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
Jan 10, 2018
Accepted (ET)
Jan 12, 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 StockF1,F2 | Jan 10, 2018 | P | 22,235 | $27.3429 | A | 2,263,628 | I | By Highland Capital Management, L.P. |
| Common StockF3 | holding | — | — | — | 19,662 | I | By NexPoint Advisors, L.P. | |
| Common Stock | holding | — | — | — | 31,055 | D | ||
| Common StockF4 | holding | — | — | — | 1,611,275 | I | By trust | |
| Common StockF5 | holding | — | — | — | 7,500 | I | By limited liability company | |
| Common Stock | holding | — | — | — | 21,879 | I | By employee benefit plan | |
| Common StockF6 | 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 $27.2628 to $27.4410. 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.
- F6These 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.