This paraphrase is inappropriate because the three bulleted points are taken word for word from the original. The fact that the student omitted the explanations from the original is irrelevant. These are direct quotes, not paraphrases.

This paraphrase is appropriate because the words are different from those used in the original.

When you turn your notes into a document, you are likely to reword your paraphrases. As you revise your document, check a copy of the original source document to be sure you haven’t unintentionally reverted to the wording from the original source.