SEC Form 4 · accession 0000899243-19-004282

NexPoint Residential Trust, Inc. · NXRT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

James D Dondero

Officer — President · Director · 10% Owner

Period of report

Feb 15, 2019

Accepted (ET)

Feb 20, 2019 · 4:58 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	Feb 15, 2019	M	16,443	—	A	74,288	D
Common Stock^F2	holding	—	—		—	2,526,337	I	By Highland Capital Management, L.P.
Common Stock^F3	holding	—	—		—	142,177	I	By NexPoint Advisors, L.P.
Common Stock^F4	holding	—	—		—	118,483	I	By Highland Capital Management Fund Advisors, L.P.
Common Stock^F5	holding	—	—		—	16,986	I	By limited liability company
Common Stock	holding	—	—		—	24,499	I	By employee benefit plan
Common Stock^F6	holding	—	—		—	1,759,118	I	By trust

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1,F7	—	Feb 15, 2019	M	16,443	D	—	—	Common Stock	16,443	49,329	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 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 advised accounts. 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 Highland Capital Management Fund Advisors, L.P. ("HCMFA") indirectly through advised accounts. 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.
F5These 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.
F6These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.
F7On February 15, 2018, the reporting person was granted 65,772 restricted stock units which vested 25% on February 15, 2019 and will vest 25% on February 15, 2020, 25% on February 15, 2021 and 25% on February 15, 2022. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.