Filing Details

Accession Number:
0001209191-12-010530
Form Type:
4
Zero Holdings:
No
Publication Time:
2012-02-15 17:02:43
Reporting Period:
2012-02-14
Filing Date:
2012-02-15
Accepted Time:
2012-02-15 17:02:43
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
1168783 S Edward Brown C/O Rait Financial Trust
Cira Centre, 2929 Arch St., 17Th Fl.
Philadelphia PA 19104
No No No Yes
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 2012-02-14 5,250 $5.67 33,598 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 3,333 Indirect By Brown Family Limited Partnership
Footnotes
  1. The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person as of February 14, 2012.
  2. 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 $5.63 to $5.72, 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 sold at each separate price within the range set forth in this footnote.
  3. 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.
  4. The sole limited partners of this limited partnership are trusts for the benefit of the children of the reporting person. The sole general partner of this limited partnership is a limited liability company whose sole members are these trusts and whose sole manager is an individual who is not a member of the reporting person's family. None of the reporting person's children share the reporting person's household at this time. 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.