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Filing Details

Accession Number:: 0000899243-20-008673
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-03-17 18:50:02
Reporting Period:: 2020-03-13

Accepted Time:: 2020-03-17 18:50:02
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	2020-03-13	53,500	$36.96	2,240,990	No	4	S	Indirect	By Highland Capital Management, L.P.
Common Stock	Disposition	2020-03-16	145,000	$33.13	2,095,990	No	4	S	Indirect	By Highland Capital Management, L.P
Common Stock	Disposition	2020-03-16	10,500	$33.85	2,085,490	No	4	S	Indirect	By Highland Capital Management, L.P
Common Stock	Acquisiton	2020-03-16	17,821	$0.00	149,453	No	4	M	Direct
Common Stock	Acquisiton	2020-03-16	73,100	$34.67	194,671	No	4	P	Indirect	By Highland Capital Management Fund Advisors, L.P.

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2020-03-16	17,821	$0.00	17,821	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	143,957	Indirect	By NexPoint Advisors, L.P.
Common Stock	26,480	Indirect	By employee benefit plan
Common Stock	16,986	Indirect	By limited liability company
Common Stock	2,181,425	Indirect	By trust

Footnotes

The Reporting Person's sale of NexPoint Residential Trust, Inc. common stock reported herein did not result in any profit from matchable transactions under Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"); therefore, no disgorgement was owed. These sales were for cash management at a Highland Capital Management, L.P. ("HCMLP") related account. Such sales do not reflect the portfolio manager's long-term view of the investment.
These shares are held by HCMLP both directly and indirectly through advised accounts. Mr. Dondero is the sole shareholder of Strand Advisors, Inc., HCMLP's general partner, and may be deemed to be an indirect beneficial owner of shares held by HCMLP. Effective January 2020 as a result of the change of control of HCMLP, Mr. Dondero no longer serves as the President or sole director of Strand Advisors, Inc. Given Mr. Dondero's historic role with HCMLP, his continued ownership interest and his role as portfolio manager, we have included shares held by advised accounts of HCMLP in this filing. 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.
Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.
The Reporting Person's purchase of NexPoint Residential Trust, Inc. common stock reported herein was matchable under Section 16(b) of the Exchange Act. The Reporting Person has disgorged $270.06 to NexPoint Residential Trust, Inc., representing the full amount of his pecuniary interest in the deemed profit realized in connection with the short-swing transaction, less transaction costs.
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 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 a limited liability company in which the trust referenced in footnote 9 to this Form 4 owns a majority interest. Mr. Dondero disclaims beneficial ownership of such shares.
These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.
On March 16, 2017, the reporting person was granted 53,461 restricted stock units which vested one-third on March 16, 2018, one-third on March 16, 2019 and one-third on March 16, 2020. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.