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Filing Details

Accession Number:: 0000899243-19-020310
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-07-24 19:38:18
Reporting Period:: 2019-07-23

Accepted Time:: 2019-07-24 19:38:18
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1620393	Nexpoint Residential Trust Inc.	NXRT	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1228922	D James Dondero	300 Crescent Court, Suite 700 Dallas TX 75201	President	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2019-07-23	250,000	$41.19	2,539,105	No	4	S	Indirect	By Highland Capital Management, L.P.
Common Stock	Acquisiton	2019-07-23	250,000	$41.19	2,539,105	No	4	P	Indirect	By Highland Capital Management, L.P.
Common Stock	Disposition	2019-07-23	250,000	$41.19	2,289,105	No	4	S	Indirect	By Highland Capital Management, L.P.
Common Stock	Acquisiton	2019-07-23	250,000	$41.19	2,031,609	No	4	P	Indirect	By trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By Highland Capital Management, L.P.
No	4	P	Indirect	By Highland Capital Management, L.P.
No	4	S	Indirect	By Highland Capital Management, L.P.
No	4	P	Indirect	By trust

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	143,330	Indirect	By NexPoint Advisors, L.P.
Common Stock	120,104	Indirect	By Highland Capital Management Fund Advisors, L.P.
Common Stock	16,986	Indirect	By limited liability company
Common Stock	25,035	Indirect	By employee benefit plan
Common Stock	93,523	Direct

Footnotes

The deemed purchases and sales of shares of NexPoint Residential Trust, Inc. ("NXRT") were the result of an in-kind contribution of NXRT shares between Highland Capital Management, L.P. ("HCMLP") and its 99% owned advised account and a subsequent disposition of such shares to a trust, the beneficiary of which is Mr. Dondero. All shares were transferred based on the market value of the shares at the close of market on the date of the transaction and the transactions occurred simultaneously.
These shares are held by 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.
Includes shares acquired under the issuer's dividend reinvestment plan.
These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.
These 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.
These 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.
These 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.