Home > Insider Trading > Filing (0000899243-20-009151)

Filing Details

Accession Number:: 0000899243-20-009151
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-03-20 17:14:58
Reporting Period:: 2020-03-18

Accepted Time:: 2020-03-20 17:14:58
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

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2020-03-18	147,000	$30.66	1,938,490	No	4	S	Indirect	By Highland Capital Management, L.P
Common Stock	Acquisiton	2020-03-19	73,100	$37.47	267,771	No	4	P	Indirect	By Highland Capital Management Fund Advisors, L.P.
Common Stock	Disposition	2020-03-19	32,819	$33.60	234,952	No	4	S	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	P	Indirect	By Highland Capital Management Fund Advisors, L.P.
No	4	S	Indirect	By Highland Capital Management Fund Advisors, L.P.

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	149,453	Direct
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.
The Reporting Person's purchase and 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 purchase and sale reported herein relate to separate accounts advised by Highland Capital Management Fund Advisors, L.P. ("HCMFA") and do not reflect the portfolio manager's long-term view of the investment.
These shares are held by 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 7 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.