SEC Form 4 · accession 0000899243-18-008023
NexPoint Residential Trust, Inc. · NXRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matt McGraner
Officer — See Remarks
Period of report
Mar 16, 2018
Accepted (ET)
Mar 19, 2018 · 6:52 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 StockF1,F2 | Mar 16, 2018 | M | 25,730 | — | A | 65,402 | I | By Trust |
| Common StockF3 | holding | — | — | — | 388 | I | By dividend reinvestment plan | |
| Common StockF4 | holding | — | — | — | 7,500 | I | By limited liability company | |
| Common Stock | holding | — | — | — | 13,573 | D | ||
| Common StockF5 | holding | — | — | — | 8,879 | I | By 401(k) plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF6,F1,F7 | — | Mar 15, 2018 | G | 1,000 | D | — | — | Common Stock | 1,000 | 79,192 | D |
| Restricted Stock UnitsF1,F7 | — | Mar 16, 2018 | M | 25,730 | D | — | — | Common Stock | 25,730 | 53,462 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.
- F2These shares are held in a trust. Mr. McGraner is the trustee of the Trust. Mr. McGraner disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F3Includes shares acquired through dividend reinvestment plan.
- F4These shares are held by a limited liability company in which Mr. McGraner owns an indirect minority interest. Mr. McGraner disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F5Includes shares acquired through employee benefit plan.
- F6On March 15, 2018 Mr. McGraner transferred 1,000 restricted stock units as a gift.
- F7On March 16, 2017, the reporting person was granted 80,192 (includes the 1,000 restricted stock units transferred as a gift on 3/15/2018) restricted stock units which vested one-third on March 16, 2018, and will vest one-third on March 16, 2019 and one-third on March 16, 2020.
Remarks
Executive VP and Chief Investment Officer