Salmon Jack 4
4 · RAIT Financial Trust · Filed Jan 28, 2011
Insider Transaction Report
Form 4
Salmon Jack
CFO & Treasurer
Transactions
- Tax Payment
Common Shares of Beneficial Interest
2011-01-26$2.72/sh−34,696$94,373→ 240,321 total
Holdings
- 3,000(indirect: By Children)
Common Shares of Beneficial Interest
Footnotes (3)
- [F1]On January 26, 2011, the reporting person elected to satisfy the tax withholding obligations of the issuer with respect to the scheduled redemption of a portion of the reporting person's phantom units, which portion was being redeemed with common shares of the issuer, by having common shares withheld from the common shares issued in connection with such redemption. The common shares so withheld are being reported herein as a disposition to the issuer. The aggregate value of the common shares so withheld was based on the closing price of the common shares on the New York Stock Exchange on the relevant redemption date and did not exceed the minimum applicable withholding tax rate for federal (including FICA), state, local and other tax liabilities.
- [F2]This amount includes 80,000 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.