NexPoint Residential Trust, Inc. 4
4 · NexPoint Residential Trust, Inc. · Filed Mar 25, 2015
Insider Transaction Report
Form 4
Ellington Scott
General Counsel and Secretary
Transactions
- Award
Contingent Bonus Award
2013-03-15+8,703→ 8,703 total→ Common Stock (8,703 underlying) - Other
Common Stock
2015-03-23+84→ 84 total(indirect: By 401(k)) - Other
Common Stock
2015-03-23+1,708→ 1,708 total(indirect: By dividend reinvestment plan) - Award
Contingent Bonus Award
2014-02-28+17,907→ 17,907 total→ Common Stock (17,907 underlying)
Footnotes (3)
- [F1]Reporting Person will acquire the shares as a result of the spin-off of Issuer from NexPoint Credit Strategies Fund ("NHF") that will be completed on March 31, 2015 (the "Spin-Off"). The record date for the Spin-Off was March 23, 2015. For every three shares of NHF that the Reporting Person owned as of the record date, the Reporting Person will receive one share of the Issuer.
- [F2]The Contingent Bonus Award is granted by Highland Capital Management, L.P. ("HCM") to the Reporting Person for service as an employee of HCM. Each share of the Contingent Bonus Award is the economic equivalent of one share of Issuer common stock. The shares become payable, in cash or common stock, on March 15, 2016. These awards will terminate if the Reporting Person's employment with HCM is terminated.
- [F3]The Contingent Bonus Award is granted by HCM to the Reporting Person for service as an employee of HCM. Each share of the Contingent Bonus Award is the economic equivalent of one share of Issuer common stock. The shares become payable, in cash or common stock, on March 1, 2017. These awards will terminate if the Reporting Person's employment with HCM is terminated.