NXRT

SEC source: 0000899243-18-008029 · doc4.xml · nonDerivative · entry 1

LAFFER ARTHUR B · CIK 0001090307 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,312

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

SEC source: 0000899243-18-008032 · doc4.xml · derivative · entry 2

Constantino Edward N. · CIK 0001498322 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 3,739 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F2 · derivative.exercise_date: On March 16, 2017, the reporting person was granted 3,739 restricted stock units which vested on March 16, 2018.

F2 · derivative.expiration_date: On March 16, 2017, the reporting person was granted 3,739 restricted stock units which vested on March 16, 2018.

SEC source: 0000899243-18-008032 · doc4.xml · nonDerivative · entry 1

Constantino Edward N. · CIK 0001498322 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,732

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

SEC source: 0000899243-18-008048 · doc4.xml · derivative · entry 8

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,641

Underlying: Common Stock · 17,820 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F8 · derivative.exercise_date: On March 16, 2017, the reporting person was granted 53,461 restricted stock units which vested one-third on March 16, 2018, and will vest one-third on March 16, 2019 and one-third on March 16, 2020.

F8 · derivative.expiration_date: On March 16, 2017, the reporting person was granted 53,461 restricted stock units which vested one-third on March 16, 2018, and will vest one-third on March 16, 2019 and one-third on March 16, 2020.

SEC source: 0000899243-18-008048 · doc4.xml · nonDerivative · entry 1

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 48,925.07

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

SEC source: 0000899243-18-008050 · doc4.xml · derivative · entry 2

KAVANAUGH SCOTT F · CIK 0001218975 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 3,739 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F2 · derivative.exercise_date: On March 16, 2017, the reporting person was granted 3,739 restricted stock units which vested on March 16, 2018.

F2 · derivative.expiration_date: On March 16, 2017, the reporting person was granted 3,739 restricted stock units which vested on March 16, 2018.

SEC source: 0000899243-18-008050 · doc4.xml · nonDerivative · entry 1

KAVANAUGH SCOTT F · CIK 0001218975 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,312

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

SEC source: 0000899243-18-008049 · doc4.xml · derivative · entry 4

Mitts Brian · CIK 0001514845 · Director · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,068

Underlying: Common Stock · 8,033 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F4 · derivative.exercise_date: On March 16, 2017, the reporting person was granted 24,101 restricted stock units which vested one-third on March 16, 2018, and will vest one-third on March 16, 2019 and one-third on March 16, 2020.

F4 · derivative.expiration_date: On March 16, 2017, the reporting person was granted 24,101 restricted stock units which vested one-third on March 16, 2018, and will vest one-third on March 16, 2019 and one-third on March 16, 2020.

SEC source: 0000899243-18-008049 · doc4.xml · nonDerivative · entry 1

Mitts Brian · CIK 0001514845 · Director · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,643

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

SEC source: 0000899243-18-008039 · doc4.xml · derivative · entry 3

Goetz Matthew · CIK 0001636204 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,820

Underlying: Common Stock · 8,910 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F3 · derivative.exercise_date: On March 16, 2017, the reporting person was granted 26,730 restricted stock units which vested one-third on March 16, 2018, and will vest one-third on March 16, 2019 and one-third on March 16, 2020.

F3 · derivative.expiration_date: On March 16, 2017, the reporting person was granted 26,730 restricted stock units which vested one-third on March 16, 2018, and will vest one-third on March 16, 2019 and one-third on March 16, 2020.

SEC source: 0000899243-18-008039 · doc4.xml · nonDerivative · entry 1

Goetz Matthew · CIK 0001636204 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 27,106

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

SEC source: 0000899243-18-008031 · doc4.xml · derivative · entry 3

Ellington Scott · CIK 0001636205 · General Counsel and Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,068

Underlying: Common Stock · 8,033 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F4 · derivative.exercise_date: On March 16, 2017, the reporting person was granted 24,101 restricted stock units which vested one-third on March 16, 2018, and will vest one-third on March 16, 2019 and one-third on March 16, 2020.

F4 · derivative.expiration_date: On March 16, 2017, the reporting person was granted 24,101 restricted stock units which vested one-third on March 16, 2018, and will vest one-third on March 16, 2019 and one-third on March 16, 2020.

SEC source: 0000899243-18-008031 · doc4.xml · nonDerivative · entry 1

Ellington Scott · CIK 0001636205 · General Counsel and Secretary

10b5-1 filing: Not disclosed

Ownership: Indirect · By dividend reinvestment plan

Disclosed balance after: 40,454.6

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F2 · balance_after: Includes shares acquired through dividend reinvestment plan.

SEC source: 0000899243-18-008023 · doc4.xml · derivative · entry 7

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 53,462

Underlying: Common Stock · 25,730 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F7 · derivative.exercise_date: On March 16, 2017, the reporting person was granted 80,192 (includes the 1,000 restricted stock units transferred as a gift on 3/15/2018) restricted stock units which vested one-third on March 16, 2018, and will vest one-third on March 16, 2019 and one-third on March 16, 2020.

F7 · derivative.expiration_date: On March 16, 2017, the reporting person was granted 80,192 (includes the 1,000 restricted stock units transferred as a gift on 3/15/2018) restricted stock units which vested one-third on March 16, 2018, and will vest one-third on March 16, 2019 and one-third on March 16, 2020.

SEC source: 0000899243-18-008023 · doc4.xml · nonDerivative · entry 1

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trust

Disclosed balance after: 65,402

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F2 · balance_after: These shares are held in a trust. Mr. McGraner is the trustee of the Trust. Mr. McGraner disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

SEC source: 0000899243-18-008023 · doc4.xml · derivative · entry 6

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 79,192

Underlying: Common Stock · 1,000 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F6 · shares: On March 15, 2018 Mr. McGraner transferred 1,000 restricted stock units as a gift.

F7 · derivative.exercise_date: On March 16, 2017, the reporting person was granted 80,192 (includes the 1,000 restricted stock units transferred as a gift on 3/15/2018) restricted stock units which vested one-third on March 16, 2018, and will vest one-third on March 16, 2019 and one-third on March 16, 2020.

F7 · derivative.expiration_date: On March 16, 2017, the reporting person was granted 80,192 (includes the 1,000 restricted stock units transferred as a gift on 3/15/2018) restricted stock units which vested one-third on March 16, 2018, and will vest one-third on March 16, 2019 and one-third on March 16, 2020.

SEC source: 0000899243-18-005842 · doc4.xml · nonDerivative · entry 1

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

HIGHLAND CAPITAL MANAGEMENT LP · CIK 0001167365 · 10% owner

NexPoint Advisors, L.P. · CIK 0001617621 · 10% owner

HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. · CIK 0001469877 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P

Disclosed balance after: 2,369,795.47

F1 · kind: Shares acquired in connection with issuer's dividend reinvestment plan. Under operation of the plan, monthly purchases are conducted by the plan administrator evenly over the course of approximately the first 20 days of the month.

F2 · balance_after: 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.

F3 · balance_after: Includes shares acquired through reinvestment of dividends.

SEC source: 0000899243-18-004605 · doc4.xml · derivative · entry 1

LAFFER ARTHUR B · CIK 0001090307 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,274

Underlying: Common Stock · 4,274 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F2 · derivative.exercise_date: The restricted stock units vest on February 15, 2019. Settlement will generally occur within 30 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

F2 · derivative.expiration_date: The restricted stock units vest on February 15, 2019. Settlement will generally occur within 30 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0000899243-18-004606 · doc4.xml · derivative · entry 1

Constantino Edward N. · CIK 0001498322 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,274

Underlying: Common Stock · 4,274 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F2 · derivative.exercise_date: The restricted stock units vest on February 15, 2019. Settlement will generally occur within 30 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

F2 · derivative.expiration_date: The restricted stock units vest on February 15, 2019. Settlement will generally occur within 30 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0000899243-18-004610 · doc4.xml · derivative · entry 1

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 65,772

Underlying: Common Stock · 65,772 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F2 · derivative.exercise_date: The restricted stock units vest one-fourth on February 15, 2019, one-fourth on February 15, 2020, one-fourth on February 15, 2021, and one-fourth on February 15, 2022. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

F2 · derivative.expiration_date: The restricted stock units vest one-fourth on February 15, 2019, one-fourth on February 15, 2020, one-fourth on February 15, 2021, and one-fourth on February 15, 2022. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0000899243-18-004608 · doc4.xml · derivative · entry 1

KAVANAUGH SCOTT F · CIK 0001218975 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,274

Underlying: Common Stock · 4,274 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F2 · derivative.exercise_date: The restricted stock units vest on February 15, 2019. Settlement will generally occur within 30 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

F2 · derivative.expiration_date: The restricted stock units vest on February 15, 2019. Settlement will generally occur within 30 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0000899243-18-004607 · doc4.xml · derivative · entry 1

Mitts Brian · CIK 0001514845 · Director · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,165

Underlying: Common Stock · 23,165 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F2 · derivative.exercise_date: The restricted stock units vest one-fourth on February 15, 2019, one-fourth on February 15, 2020, one-fourth on February 15, 2021, and one-fourth on February 15, 2022. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

F2 · derivative.expiration_date: The restricted stock units vest one-fourth on February 15, 2019, one-fourth on February 15, 2020, one-fourth on February 15, 2021, and one-fourth on February 15, 2022. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0000899243-18-004612 · doc4.xml · derivative · entry 1

McGraner Matt · CIK 0001636187 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 97,899

Underlying: Common Stock · 97,899 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F2 · derivative.exercise_date: The restricted stock units vest one-fourth on February 15, 2019, one-fourth on February 15, 2020, one-fourth on February 15, 2021, and one-fourth on February 15, 2022. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

F2 · derivative.expiration_date: The restricted stock units vest one-fourth on February 15, 2019, one-fourth on February 15, 2020, one-fourth on February 15, 2021, and one-fourth on February 15, 2022. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0000899243-18-004611 · doc4.xml · derivative · entry 1

Goetz Matthew · CIK 0001636204 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,647

Underlying: Common Stock · 25,647 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F2 · derivative.exercise_date: The restricted stock units vest one-fourth on February 15, 2019, one-fourth on February 15, 2020, one-fourth on February 15, 2021, and one-fourth on February 15, 2022. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

F2 · derivative.expiration_date: The restricted stock units vest one-fourth on February 15, 2019, one-fourth on February 15, 2020, one-fourth on February 15, 2021, and one-fourth on February 15, 2022. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0000899243-18-004609 · doc4.xml · derivative · entry 1

Ellington Scott · CIK 0001636205 · General Counsel and Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,059

Underlying: Common Stock · 30,059 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F2 · derivative.exercise_date: The restricted stock units vest one-fourth on February 15, 2019, one-fourth on February 15, 2020, one-fourth on February 15, 2021, and one-fourth on February 15, 2022. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

F2 · derivative.expiration_date: The restricted stock units vest one-fourth on February 15, 2019, one-fourth on February 15, 2020, one-fourth on February 15, 2021, and one-fourth on February 15, 2022. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

SEC source: 0000899243-18-001746 · doc4.xml · nonDerivative · entry 2

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

HIGHLAND CAPITAL MANAGEMENT LP · CIK 0001167365 · 10% owner

NexPoint Advisors, L.P. · CIK 0001617621 · 10% owner

HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. · CIK 0001469877 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P.

Disclosed balance after: 2,345,884.78

F2 · balance_after: 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.

SEC source: 0000899243-18-001709 · doc4.xml · nonDerivative · entry 2

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

HIGHLAND CAPITAL MANAGEMENT LP · CIK 0001167365 · 10% owner

NexPoint Advisors, L.P. · CIK 0001617621 · 10% owner

HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. · CIK 0001469877 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P.

Disclosed balance after: 2,307,116.37

F1 · balance_after: 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.

SEC source: 0000899243-18-001746 · doc4.xml · nonDerivative · entry 1

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

HIGHLAND CAPITAL MANAGEMENT LP · CIK 0001167365 · 10% owner

NexPoint Advisors, L.P. · CIK 0001617621 · 10% owner

HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. · CIK 0001469877 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P.

Disclosed balance after: 2,333,372.78

F1 · kind: Shares acquired in connection with issuer's dividend reinvestment plan. Under operation of the plan, monthly purchases are conducted by the plan administrator evenly over the course of approximately the first 20 days of the month.

F2 · balance_after: 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.

F3 · balance_after: shares acquired through reinvestment of dividends.

SEC source: 0000899243-18-001709 · doc4.xml · nonDerivative · entry 1

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

HIGHLAND CAPITAL MANAGEMENT LP · CIK 0001167365 · 10% owner

NexPoint Advisors, L.P. · CIK 0001617621 · 10% owner

HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. · CIK 0001469877 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P.

Disclosed balance after: 2,289,716.37

F1 · balance_after: 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.

SEC source: 0000899243-18-001529 · doc4.xml · nonDerivative · entry 1

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

HIGHLAND CAPITAL MANAGEMENT LP · CIK 0001167365 · 10% owner

NexPoint Advisors, L.P. · CIK 0001617621 · 10% owner

HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. · CIK 0001469877 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P.

Disclosed balance after: 2,282,328.37

F1 · balance_after: 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.

SEC source: 0000899243-18-001186 · doc4.xml · nonDerivative · entry 1

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

HIGHLAND CAPITAL MANAGEMENT LP · CIK 0001167365 · 10% owner

NexPoint Advisors, L.P. · CIK 0001617621 · 10% owner

HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. · CIK 0001469877 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By NexPoint Advisors, L.P.

Disclosed balance after: 20,662

F1 · balance_after: 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.

SEC source: 0000899243-18-000985 · doc4.xml · nonDerivative · entry 1

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

HIGHLAND CAPITAL MANAGEMENT LP · CIK 0001167365 · 10% owner

NexPoint Advisors, L.P. · CIK 0001617621 · 10% owner

HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. · CIK 0001469877 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P.

Disclosed balance after: 2,263,628.24

F1 · price: This transaction was executed in multiple trades at prices ranging from $27.2628 to $27.4410. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F2 · balance_after: 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.

SEC source: 0000899243-18-000864 · doc4.xml · nonDerivative · entry 2

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

HIGHLAND CAPITAL MANAGEMENT LP · CIK 0001167365 · 10% owner

NexPoint Advisors, L.P. · CIK 0001617621 · 10% owner

HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. · CIK 0001469877 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P.

Disclosed balance after: 2,241,393.24

F2 · balance_after: 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.

SEC source: 0000899243-18-000864 · doc4.xml · nonDerivative · entry 1

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

HIGHLAND CAPITAL MANAGEMENT LP · CIK 0001167365 · 10% owner

NexPoint Advisors, L.P. · CIK 0001617621 · 10% owner

HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. · CIK 0001469877 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P.

Disclosed balance after: 2,231,107.24

F1 · price: This transaction was executed in multiple trades at prices ranging from $27.6500 to $27.6822. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F2 · balance_after: 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.

SEC source: 0000899243-17-029349 · doc4.xml · nonDerivative · entry 3

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

HIGHLAND CAPITAL MANAGEMENT LP · CIK 0001167365 · 10% owner

HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. · CIK 0001469877 · 10% owner

NexPoint Advisors, L.P. · CIK 0001617621 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P.

Disclosed balance after: 2,227,328.24

F3 · kind: An entity referenced in footnote 2 to this Form 4 loaned the entity referenced in footnote 4 to this Form 4 shares of the issuer. On December 18, 2017, a portion of this loan was repaid in cash which resulted in a deemed disposition of the shares serving as collateral for the repaid portion of the loan. Mr. Dondero has disgorged $8,811.75 to the issuer, representing the full amount of his pecuniary interest in the deemed profit resulting from any matchable transactions.

SEC source: 0000899243-17-029349 · doc4.xml · nonDerivative · entry 2

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

HIGHLAND CAPITAL MANAGEMENT LP · CIK 0001167365 · 10% owner

HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. · CIK 0001469877 · 10% owner

NexPoint Advisors, L.P. · CIK 0001617621 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By trust

Disclosed balance after: 1,611,275.27

F3 · kind: An entity referenced in footnote 2 to this Form 4 loaned the entity referenced in footnote 4 to this Form 4 shares of the issuer. On December 18, 2017, a portion of this loan was repaid in cash which resulted in a deemed disposition of the shares serving as collateral for the repaid portion of the loan. Mr. Dondero has disgorged $8,811.75 to the issuer, representing the full amount of his pecuniary interest in the deemed profit resulting from any matchable transactions.

F4 · balance_after: These shares are held by a trust pursuant to an employee purchase plan. Mr. Dondero disclaims beneficial ownership of such shares.

SEC source: 0000899243-17-029349 · doc4.xml · nonDerivative · entry 1

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

HIGHLAND CAPITAL MANAGEMENT LP · CIK 0001167365 · 10% owner

HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. · CIK 0001469877 · 10% owner

NexPoint Advisors, L.P. · CIK 0001617621 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P.

Disclosed balance after: 1,911,154.39

F1 · price: This transaction was executed in multiple trades at prices ranging form $28.43 to $28.5063. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F2 · balance_after: 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.

SEC source: 0000899243-17-028888 · doc4.xml · nonDerivative · entry 2

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

HIGHLAND CAPITAL MANAGEMENT LP · CIK 0001167365 · 10% owner

NexPoint Advisors, L.P. · CIK 0001617621 · 10% owner

HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. · CIK 0001469877 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P.

Disclosed balance after: 1,901,154.39

F2 · balance_after: 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.

SEC source: 0000899243-17-028888 · doc4.xml · nonDerivative · entry 1

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

HIGHLAND CAPITAL MANAGEMENT LP · CIK 0001167365 · 10% owner

NexPoint Advisors, L.P. · CIK 0001617621 · 10% owner

HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. · CIK 0001469877 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P.

Disclosed balance after: 1,883,154.39

F1 · kind: Shares acquired in connection with issuer's dividend reinvestment plan. Under operation of the plan, monthly purchases are conducted by the plan administrator evenly over the course of approximately the first 20 days of the month.

SEC source: 0000899243-17-027304 · doc4.xml · nonDerivative · entry 1

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

HIGHLAND CAPITAL MANAGEMENT LP · CIK 0001167365 · 10% owner

NexPoint Advisors, L.P. · CIK 0001617621 · 10% owner

HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. · CIK 0001469877 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P.

Disclosed balance after: 1,863,126.35

F1 · kind: Shares acquired in connection with issuer's dividend reinvestment plan. Under operation of the plan, monthly purchases are conducted by the plan administrator evenly over the course of approximately the first 20 days of the month.

F2 · balance_after: 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.

SEC source: 0000899243-17-024710 · doc4.xml · nonDerivative · entry 1

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

HIGHLAND CAPITAL MANAGEMENT LP · CIK 0001167365 · 10% owner

NexPoint Advisors, L.P. · CIK 0001617621 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P.

Disclosed balance after: 1,843,315.67

F1 · kind: Shares acquired in connection with issuer's dividend reinvestment plan. Under operation of the plan, monthly purchases are conducted by the plan administrator evenly over the course of approximately the first 20 days of the month.

F2 · balance_after: 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.

F3 · balance_after: Includes shares acquired through reinvestment of dividends.

SEC source: 0000899243-17-024131 · doc4.xml · nonDerivative · entry 1

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

HIGHLAND CAPITAL MANAGEMENT LP · CIK 0001167365 · 10% owner

NexPoint Advisors, L.P. · CIK 0001617621 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By NexPoint Advisors, L.P.

Disclosed balance after: 19,500

F1 · balance_after: 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.

SEC source: 0000899243-17-022202 · doc4.xml · nonDerivative · entry 2

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By NexPoint Advisors, L.P.

Disclosed balance after: 18,400

F4 · balance_after: 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.

SEC source: 0000899243-17-022202 · doc4.xml · nonDerivative · entry 1

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Highland Capital Management, L.P.

Disclosed balance after: 1,822,283.59

F1 · kind: Shares acquired in connection with issuer's dividend reinvestment plan. Under operation of the plan, monthly purchases are conducted by the plan administrator evenly over the course of approximately the first 20 days of the month.

F2 · balance_after: 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.

F3 · balance_after: Includes shares acquired through reinvestment of dividends.

SEC source: 0000899243-17-020375 · doc4.xml · derivative · entry 2

LAFFER ARTHUR B · CIK 0001090307 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 3,573 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F2 · derivative.exercise_date: On August 11, 2016, the reporting person was granted 3,573 restricted stock units which vested on August 11, 2017.

F2 · derivative.expiration_date: On August 11, 2016, the reporting person was granted 3,573 restricted stock units which vested on August 11, 2017.

SEC source: 0000899243-17-020375 · doc4.xml · nonDerivative · entry 1

LAFFER ARTHUR B · CIK 0001090307 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,573

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

SEC source: 0000899243-17-020382 · doc4.xml · derivative · entry 2

Constantino Edward N. · CIK 0001498322 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 3,573 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F2 · derivative.exercise_date: On August 11, 2016, the reporting person was granted 3,573 restricted stock units which vested on August 11, 2017.

F2 · derivative.expiration_date: On August 11, 2016, the reporting person was granted 3,573 restricted stock units which vested on August 11, 2017.

SEC source: 0000899243-17-020382 · doc4.xml · nonDerivative · entry 1

Constantino Edward N. · CIK 0001498322 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,993

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

SEC source: 0000899243-17-020376 · doc4.xml · derivative · entry 8

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,523

Underlying: Common Stock · 25,523 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.

F8 · derivative.exercise_date: 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.

F8 · derivative.expiration_date: 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.

SEC source: 0000899243-17-020376 · doc4.xml · nonDerivative · entry 3

DONDERO JAMES D · CIK 0001228922 · Director · President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By NexPoint Advisors, L.P.

Disclosed balance after: 17,400

F4 · balance_after: 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.