4//SEC Filing
Salmon Jack 4
Accession 0001209191-12-005586
CIK 0001045425other
Filed
Jan 25, 7:00 PM ET
Accepted
Jan 26, 5:37 PM ET
Size
8.6 KB
Accession
0001209191-12-005586
Insider Transaction Report
Form 4
Salmon Jack
CFO & Treasurer
Transactions
- Tax Payment
Common Shares of Beneficial Interest
2012-01-26$5.78/sh−11,961$69,135→ 77,679 total - Award
Share Appreciation Right
2012-01-24+225,000→ 225,000 totalExercise: $5.68Exp: 2017-01-24→ Common Shares of Beneficial Interest (225,000 underlying)
Footnotes (3)
- [F1]On January 26, 2012, the reporting person elected to satisfy the tax withholding obligations of the issuer with respect to scheduled redemption of the reporting person's phantom units, which were 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 redemption date and did not exceed the minimum applicable withholding tax rate for federal (including FICA), state, local and other tax liabilities.
- [F2]The reporting person no longer has a reportable beneficial interest in 1,000 of the issuer's common shares owned by his child and included as indirectly beneficially owned in the reporting person's prior ownership reports. 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.
- [F3]These share appreciation rights vest in three equal annual installments beginning on January 24, 2013.
Documents
Issuer
RAIT Financial Trust
CIK 0001045425
Entity typeother
Related Parties
1- filerCIK 0001383052
Filing Metadata
- Form type
- 4
- Filed
- Jan 25, 7:00 PM ET
- Accepted
- Jan 26, 5:37 PM ET
- Size
- 8.6 KB