4//SEC Filing
RAIT Financial Trust 4
Accession 0001209191-12-053506
CIK 0001045425operating
Filed
Nov 15, 7:00 PM ET
Accepted
Nov 16, 4:14 PM ET
Size
12.3 KB
Accession
0001209191-12-053506
Insider Transaction Report
Form 4
Transactions
- Award
Common Share Purchase Warrant
2012-11-15+1,986,200→ 3,972,400 totalExercise: $6.00From: 2012-11-15→ Common Shares of Beneficial Interest (1,986,200 underlying) - Award
Series D Cumulative Redeemable Preferred Shares
2012-11-15+800,000→ 1,600,000 total→ Series E Cumulative Redeemable Preferred Shares (800,000 underlying) - Award
Common Share Appreciation Right
2012-11-15+1,347,133.4→ 2,694,266.8 totalExercise: $6.00→ Common Shares of Beneficial Interest (1,347,133.4 underlying)
Footnotes (6)
- [F1]The Series D Cumulative Redeemable Preferred Shares are exchangeable into the issuer's Series E Cumulative Redeemable Preferred Shares in certain circumstances on a one-for-one basis, and have no expiration date.
- [F2]These securities were issued pursuant to the Securities Purchase Agreement dated as of October 1, 2012 among the issuer, certain subsidiaries of the issuer and the reporting person. The purchase price allocated per security is approximately $21.5685 per Series D Cumulative Redeemable Preferred Share, $0.925 per Common Share Purchase Warrant and $0.674 per Common Share Appreciation Right.
- [F3]The reported securities are owned directly by the reporting person, a limited liability company. Andrew M. Silberstein, a trustee of the issuer, indirectly holds an equity interest in the reporting person and serves as the deputized trustee of the reporting person serving on the issuer's board of trustees as the reporting person's representative. See Remarks section.
- [F4]These securities terminate on the earlier of (i) October 1, 2027 unless exercised on or prior to such date or (ii) (x) thirty (30) days following the receipt of notice by the holder thereof of a defined change of control or (y) if later, the date such change of control occurs.
- [F5]The Common Share Appreciation Rights are exercisable commencing on the earlier of October 1, 2014 and the occurrence of a defined change of control.
- [F6]The Common Share Appreciation Rights are settled in cash, not in the registrant's Common Shares of Beneficial Interest.
Documents
Issuer
RAIT Financial Trust
CIK 0001045425
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001045425
Filing Metadata
- Form type
- 4
- Filed
- Nov 15, 7:00 PM ET
- Accepted
- Nov 16, 4:14 PM ET
- Size
- 12.3 KB