0000899243-20-009618.txt : 20200327
0000899243-20-009618.hdr.sgml : 20200327
20200327161547
ACCESSION NUMBER: 0000899243-20-009618
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200325
FILED AS OF DATE: 20200327
DATE AS OF CHANGE: 20200327
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: DONDERO JAMES D
CENTRAL INDEX KEY: 0001228922
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36663
FILM NUMBER: 20751992
MAIL ADDRESS:
STREET 1: 300 CRESCENT COURT, SUITE 700
CITY: DALLAS
STATE: TX
ZIP: 75201
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: NexPoint Residential Trust, Inc.
CENTRAL INDEX KEY: 0001620393
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 471181359
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 300 CRESCENT COURT
STREET 2: SUITE 700
CITY: DALLAS
STATE: TX
ZIP: 75201
BUSINESS PHONE: 972-628-4100
MAIL ADDRESS:
STREET 1: 300 CRESCENT COURT
STREET 2: SUITE 700
CITY: DALLAS
STATE: TX
ZIP: 75201
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2020-03-25
0
0001620393
NexPoint Residential Trust, Inc.
NXRT
0001228922
DONDERO JAMES D
300 CRESCENT COURT, SUITE 700
DALLAS
TX
75201
1
1
1
0
President
Common Stock
2020-03-25
4
S
0
9855
24.00
D
1882153
I
By trust
Common Stock
2020-03-25
4
S
0
30035
24.95
D
1852118
I
By trust
Common Stock
2020-03-25
4
S
0
8110
25.66
D
1844008
I
By trust
Common Stock
2020-03-25
4
S
0
2000
26.69
D
1842008
I
By trust
Common Stock
2020-03-25
4
S
0
10373
26.07
D
1364133.46
I
By Highland Capital Management, L.P
Common Stock
2020-03-25
4
S
0
4899
24.66
D
139803
I
By NexPoint Advisors, L.P.
Common Stock
2020-03-26
4
S
0
17401
25.04
D
1346732.46
I
By Highland Capital Management, L.P.
Common Stock
149452.98
D
Common Stock
235033
I
By Highland Capital Management Fund Advisors, L.P.
Common Stock
26479.63
I
By employee benefit plan
Common Stock
16986
I
By limited liability company
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. The sale reported herein was for cash management in a collateral account and does not reflect the portfolio manager's long-term view of the investment.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.41 to $24.39, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (4)-(6) to this Form 4.
These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.41 to $25.37, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.41 to $26.35, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.435 to $26.96, inclusive.
These shares are held by Highland Capital Management, L.P. ("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.
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 Exchange Act; therefore, no disgorgement was owed. The sale reported herein was for cash management in an account advised by NexPoint Advisors, L.P. ("NP") and does not reflect the portfolio manager's long-term view of the investment.
These shares are held by 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.
Includes shares acquired under the issuer's dividend reinvestment plan.
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 3 to this Form 4 owns a majority interest. Mr. Dondero disclaims beneficial ownership of such shares.
/s/ Brian Mitts, as attorney-in-fact
2020-03-27