SEC Form 4 · accession 0001209191-15-029387
NexPoint Residential Trust, Inc. · NXRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Ellington
Officer — General Counsel and Secretary
Period of report
Mar 23, 2015
Accepted (ET)
Mar 25, 2015 · 9:22 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 Stock | Mar 23, 2015 | J | 1,708 | $0.00 | A | 1,708 | I | By dividend reinvestment plan |
| Common Stock | Mar 23, 2015 | J | 84 | $0.00 | A | 84 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Contingent Bonus AwardF2 | — | Mar 15, 2013 | A | 8,703 | A | — | — | Common Stock | 8,703 | 8,703 | D |
| Contingent Bonus AwardF3 | — | Feb 28, 2014 | A | 17,907 | A | — | — | Common Stock | 17,907 | 17,907 | D |
Explanation of responses
- F1Reporting Person will acquire the shares as a result of the spin-off of Issuer from NexPoint Credit Strategies Fund ("NHF") that will be completed on March 31, 2015 (the "Spin-Off"). The record date for the Spin-Off was March 23, 2015. For every three shares of NHF that the Reporting Person owned as of the record date, the Reporting Person will receive one share of the Issuer.
- F2The Contingent Bonus Award is granted by Highland Capital Management, L.P. ("HCM") to the Reporting Person for service as an employee of HCM. Each share of the Contingent Bonus Award is the economic equivalent of one share of Issuer common stock. The shares become payable, in cash or common stock, on March 15, 2016. These awards will terminate if the Reporting Person's employment with HCM is terminated.
- F3The Contingent Bonus Award is granted by HCM to the Reporting Person for service as an employee of HCM. Each share of the Contingent Bonus Award is the economic equivalent of one share of Issuer common stock. The shares become payable, in cash or common stock, on March 1, 2017. These awards will terminate if the Reporting Person's employment with HCM is terminated.