RAIT Financial Trust 4

4 · RAIT Financial Trust · Filed Dec 24, 2013

Form 4

Period: 2013-12-23

COO & Secretary

Transactions

Exercise/Conversion
Common Shares of Beneficial Interest
2013-12-23$5.68/sh+75,000$426,000→ 170,131 total
Disposition to Issuer
Common Shares of Beneficial Interest
2013-12-23$9.05/sh−47,072$426,002→ 123,059 total
Exercise/Conversion
Share Appreciation Right
2013-12-23−75,000→ 150,000 total
Exercise: $5.68Exp: 2017-01-24→ Common Shares of Beneficial Interest (75,000 underlying)
Tax Payment
Common Shares of Beneficial Interest
2013-12-23$9.05/sh−11,007$99,613→ 112,052 total

Holdings

Footnotes (4)

[F1]Excludes 333 common shares held by the reporting person's father. The reporting person disclaims beneficial ownership of the common shares held by the reporting person's father, 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.
[F2]On December 23, 2013, the reporting person elected to satisfy the tax withholding obligations of the issuer with respect to the exercise of a portion of the reporting person's share appreciation rights, which exercise was being settled with common shares of the issuer, by having common shares withheld from the common shares issued in connection with such settlement. 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 settlement date and did not exceed the minimum applicable withholding tax rate for federal (including FICA), state, local and other tax liabilities.
[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.
[F4]These share appreciation rights vest in three equal annual installments beginning on January 24, 2013.

Documents

1 file