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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
DONDERO JAMES D 13455 NOEL ROAD STE 800 DALLAS, TX 75240 |
CEO and President |
/s/ James Dondero | 01/30/2008 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The following shares were purchased pursuant to a rights offering by Highland Credit Strategies Fund at a price of $12.85 per share: (i) 20,380 shares by the Highland 401(k) Plan (the "401(k) Plan"), (ii) 32,996 shares by the Highland Capital Management Retirement Plan and Trust (the "Retirement Plan"), (iii) 3,918 shares by Highland Capital Management Services, Inc. ("HCMS") and (iv) 90,366 shares by Highland Capital Management, L.P. ("HCMLP"). HCMLP purchased an additional 33,500 shares on the open market at a price of $14.38 per share. |
(2) | As of January 28, 2008, shares were held by the following entities: (i) 50,952 shares held by the 401(k) Plan, (ii) 82,492 shares held by the Retirement Plan, (iii) 9,850.87 shares held by HCMS and (iv) 123,866 shares held by HCMLP. On January 29, 2008, HCMLP purchased an additional 33,500 shares. |
(3) | HCMLP is the investment adviser for Highland Credit Strategies Fund. HCMLP maintains the 401(k) Plan and the Retirement Plan for the benefit of its employees. Mr. Dondero is the trustee of the 401(k) Plan and the Retirement Plan, as well as a participant in the 401(k) Plan and the Retirement Plan, and he owns interests in HCMLP and HCMS. Mr. Dondero expressly disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein. |