Salmon Jack 4
4 · RAIT Financial Trust · Filed Jan 28, 2010
Insider Transaction Report
Form 4
Salmon Jack
CFO & Treasurer
Transactions
- Award
Common Shares of Beneficial Interest
2010-01-26+160,000→ 265,017 total
Holdings
- 3,000(indirect: By Children)
Common Shares of Beneficial Interest
Footnotes (3)
- [F1]These common shares underlie the equivalent number of units, or phantom units, granted to the reporting person. 50% of these units vest immediately on the grant date, 01/26/2010, and the remaining 50% of these units vest on the first anniversary of the grant date, 01/26/2011. These phantom units are redeemable automatically in common shares on a one-for-one basis on the earliest to occur of (i) the first anniversary of the applicable vesting date, and (ii) the date of death of the reporting person. These units may not be settled in cash.
- [F2]This amount includes 160,000 common shares underlying the equivalent number of phantom units.
- [F3]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.