Filing Details

Accession Number:
0001209191-11-042873
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-08-08 13:00:00
Reporting Period:
2011-08-08
Filing Date:
2011-08-08
Accepted Time:
2011-08-08 16:10:46
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1045425 Rait Financial Trust RAS Real Estate Investment Trusts (6798) 232919819
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1383119 Raphael Licht C/O Rait Financial Trust
Cira Centre, 2929 Arch St., 17Th Fl.
Philadelphia PA 19104
Coo & Secretary No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Shares Of Beneficial Interest Acquisiton 2011-08-08 7,500 $3.37 86,334 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Shares Of Beneficial Interest 833 Indirect By reporting person as UGMA custodian for his child
Common Shares Of Beneficial Interest 833 Indirect By reporting person as UGMA custodian for his child
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions on the transaction date at prices ranging from $3.3566 to $3.3766, inclusive. The reporting person undertakes to provide to RAIT Financial Trust ("RAIT"), any security holder of RAIT or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
  2. Excludes 333 common shares held by the reporting person's father. The reporting person disclaims beneficial ownership of the common shares held by the reporting person's father, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such common shares for purposes of Section 16 or for any other purpose.
  3. This amount includes 39,166 common shares underlying the equivalent number of phantom units.
  4. This amount has been adjusted for the 1-for-3 reverse stock split of the issuer's common shares of beneficial interest that became effective June 30, 2011
  5. The reporting person disclaims beneficial ownership of these common shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such common shares for purposes of Section 16 or for any other purpose.