SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

DONDERO JAMES D

(Last)

(First)

(Middle)

300 CRESCENT COURT, SUITE 700

(Street)

DALLAS

75201

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
NexPoint Strategic Opportunities Fund [ NHF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
05/31/2019

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/31/2019		M		23,980	A	$17.77	1,799,858.8⁽¹⁾⁽²⁾	I	See Footnote⁽¹⁾
Common Stock	05/31/2019		M		4,797	A	$17.77	1,804,655.8⁽¹⁾⁽²⁾	I	See Footnote⁽¹⁾
Common Stock	05/31/2019		M		5,556	A	$17.77	1,810,211.8⁽¹⁾⁽²⁾	I	See Footnote⁽¹⁾
Common Stock	05/31/2019		M		11,990	A	$17.77	1,822,201.8⁽¹⁾⁽²⁾	I	See Footnote⁽¹⁾
Common Stock	05/31/2019		M		47,960	A	$17.77	1,870,161.8⁽¹⁾⁽²⁾	I	See Footnote⁽¹⁾
Common Stock	05/31/2019		M		561,798	A	$17.77	1,577,789⁽³⁾	I	See Footnote⁽³⁾
Common Stock	05/31/2019		M		84,270	A	$17.77	1,662,059⁽³⁾	I	See Footnote⁽³⁾
Common Stock	05/31/2019		M		27,778	A	$17.77	1,689,837⁽³⁾	I	See Footnote⁽³⁾
Common Stock	05/31/2019		M		32,818	A	$17.77	1,722,655⁽³⁾	I	See Footnote⁽³⁾
Common Stock	05/31/2019		M		55,555	A	$17.77	1,778,210⁽³⁾	I	See Footnote⁽³⁾
Common Stock	05/31/2019		M		9,600	A	$17.77	2,317,746.85⁽²⁾⁽⁴⁾⁽⁵⁾	I	See Footnote⁽⁴⁾
Common Stock	05/31/2019		M		284	A	$17.77	6,760.216⁽⁷⁾	D
Common Stock	05/31/2019		M		7,941	A	$17.77	14,701.216⁽⁷⁾	D
Common Stock								46,369.3047⁽²⁾⁽⁶⁾	I	By employee benefit plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Subscription Rights (right to buy)	$17.77	05/22/2019		M			23,980	04/30/2019	05/22/2019	Common Stock	23,980	$0.00	0	I	See Footnote⁽¹⁾
Subscription Rights (right to buy)	$17.77	05/22/2019		M			4,797	04/30/2019	05/22/2019	Common Stock	4,797	$0.00	0	I	See Footnote⁽¹⁾
Subscription Rights (right to buy)	$17.77	05/22/2019		M			5,556	04/30/2019	05/22/2019	Common Stock	5,556	$0.00	0	I	See Footnote⁽¹⁾
Subscription Rights (right to buy)	$17.77	05/22/2019		M			11,990	04/30/2019	05/22/2019	Common Stock	11,990	$0.00	0	I	See Footnote⁽¹⁾
Subscription Rights (right to buy)	$17.77	05/22/2019		M			47,960	04/30/2019	05/22/2019	Common Stock	47,960	$0.00	0	I	See Footnote⁽¹⁾
Subscription Rights (right to buy)	$17.77	05/22/2019		M			561,798	04/30/2019	05/22/2019	Common Stock	561,798	$0.00	0	I	See Footnote⁽³⁾
Subscription Rights (right to buy)	$17.77	05/22/2019		M			84,270	04/30/2019	05/22/2019	Common Stock	84,270	$0.00	0	I	See Footnote⁽³⁾
Subscription Rights (right to buy)	$17.77	05/22/2019		M			27,778	04/30/2019	05/22/2019	Common Stock	27,778	$0.00	0	I	See Footnote⁽³⁾
Subscription Rights (right to buy)	$17.77	05/22/2019		M			32,818	04/30/2019	05/22/2019	Common Stock	32,818	$0.00	0	I	See Footnote⁽³⁾
Subscription Rights (right to buy)	$17.77	05/22/2019		M			55,555	04/30/2019	05/22/2019	Common Stock	55,555	$0.00	0	I	See Footnote⁽³⁾
Subscription Rights (right to buy)	$17.77	05/22/2019		M			9,600	04/30/2019	05/22/2019	Common Stock	9,600	$0.00	0	I	See Footnote⁽⁴⁾
Subscription Rights (right to buy)	$17.77	05/22/2019		M			284	04/30/2019	05/22/2019	Common Stock	284	$0.00	0	D
Subscription Rights (right to buy)	$17.77	05/22/2019		M			7,941	04/30/2019	05/22/2019	Common Stock	7,941	$0.00	0	D

Explanation of Responses:

1. These 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.

2. Includes shares acquired under the issuer's dividend reinvestment plan.

3. These shares are held by certain managed accounts ultimately advised by Mr. Dondero (collectively, the "Highland Accounts"). Mr. Dondero may be deemed to be an indirect beneficial owner of shares held by the Highland Accounts. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

4. These shares are held by The Dugaboy Investment Trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.

5. The Trust previously overreported shares because it had assumed re-investment of dividends, which due to a clerical error, was not completed.

6. These shares are held pursuant to an employee benefit plan.

7. These shares are held directly by Mr. Dondero.

Remarks:

Mr. Dondero is the President and Principal Executive Officer

	/s/ James D. Dondero	06/04/2019
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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