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Filing Details

Accession Number:: 0000899243-17-020376
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-08-15 18:03:59
Reporting Period:: 2017-08-11

Filing Date:: 2017-08-15
Accepted Time:: 2017-08-15 18:03:59
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	Acquisiton	2017-08-11	25,523	$0.00	30,725	No	4	M	Direct
Common Stock	Disposition	2017-08-11	220,527	$23.20	1,806,823	No	4	S	Indirect	By Highland Capital Management, L.P.
Common Stock	Acquisiton	2017-08-11	2,000	$23.30	17,400	No	4	P	Indirect	By NexPoint Advisors, L.P.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Indirect	By Highland Capital Management, L.P.
No	4	P	Indirect	By NexPoint 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	2017-08-11	25,523	$0.00	25,523	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
25,523			No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	1,915,536	Indirect	By trust
Common Stock	7,500	Indirect	By limited liability company
Common Stock	20,500	Indirect	By employee benefit plan
Common Stock	54,500	Indirect	By Highland Capital Management Fund Advisors, L.P.

Footnotes

Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.
There were no matchable transactions during the previous six months at a purchase price below the sales price. Therefore, no disgorgement was necessary.
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.
These shares are held by NexPoint Advisors, L.P. ("NP") indirectly through an advised account. 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 trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.
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.
These shares are held by Highland Capital Management Fund Advisors, L.P. ("HCMFA") indirectly through an advised account. 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.
On August 11, 2016, the reporting person was granted 51,046 restricted stock units which vested 50% on August 11, 2017, and will vest 25% on August 11, 2018 and 25% on August 11, 2019.