SEC Form 4 · accession 0001209191-15-035706
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 · 10% Owner
Period of report
Apr 21, 2015
Accepted (ET)
Apr 23, 2015 · 4:32 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 | Apr 21, 2015 | P | 213,700 | $13.9906 | A | 1,321,140 | I | By Highland Capital Management, L.P. |
| Common Stock | holding | — | — | — | 4,654 | D | ||
| Common Stock | holding | — | — | — | 17,901 | I | By 401(k) plan | |
| Common Stock | holding | — | — | — | 1,641,722 | I | By trust | |
| Common Stock | holding | — | — | — | 45,607 | I | By trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $13.9500 to $14.0319, inclusive. The reporting persons undertake to provide to NexPoint Residential Trust, Inc. ("NXRT"), any security holder of NXRT or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote 1 to this Form 4.
- F2These shares are held by Highland Capital Management, L.P. ("HCMLP") both directly and indirectly through affiliates, advised accounts and accounts advised by affiliates. 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.