X0306 4 2015-12-24 0 0001620393 NexPoint Residential Trust, Inc. NXRT 0001228922 DONDERO JAMES D 300 CRESCENT COURT, SUITE 700 DALLAS TX 75201 0 0 1 1 Affiliated Person Common Stock 2015-12-24 4 S 0 0 D 1592994.44 I See Footnote Common Stock 18177.58 I By employee benefit plan Common Stock 1717598.43 I See Footnote Common Stock 4836.77 D Common Stock 47345.2 I By trust A trust (the "Trust") sold a majority of its pecuniary, non-voting, non-control interest in Highland Capital Management, L.P. ("HCMLP") to another trust in a private transaction. Mr. Dondero has an indirect interest in such transaction as a beneficiary of the Trust. However, neither HCMLP nor the Trust sold any NXRT shares and therefore there is no change in the number of NXRT shares held. Mr. Dondero continues to have a reportable interest in the shares held by HCMLP through his indirect limited partner interest (through the Trust) and general partner interest (through Strand Advisors, Inc. ("Strand")) in HCMLP, and in the shares held by the Trust as a beneficiary of the Trust. These shares are held by HCMLP both directly and indirectly through advised accounts. Mr. Dondero is the President and the director of Strand, 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 pursuant to an employee benefit plan. These shares are held by the Trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares. These shares are held directly by Mr. Dondero. /s/ James D. Dondero 2015-12-29