4//SEC Filing
RAIT Financial Trust 4
Accession 0001209191-14-006323
CIK 0001045425operating
Filed
Jan 30, 7:00 PM ET
Accepted
Jan 31, 7:31 PM ET
Size
19.0 KB
Accession
0001209191-14-006323
Insider Transaction Report
Form 4
Licht Raphael
COO & Secretary
Transactions
- Exercise/Conversion
Common Shares of Beneficial Interest
2014-01-29$5.68/sh+75,000$426,000→ 196,398 total - Tax Payment
Common Shares of Beneficial Interest
2014-01-29$8.29/sh−10,777$89,341→ 134,234 total - Award
Share Appreciation Right
2014-01-29+30,000→ 30,000 totalExercise: $8.29Exp: 2019-01-29→ Common Shares of Beneficial Interest (30,000 underlying) - Award
Common Shares of Beneficial Interest
2014-01-29+10,000→ 125,185 total - Tax Payment
Common Shares of Beneficial Interest
2014-01-29$8.29/sh−3,787$31,394→ 121,398 total - Disposition to Issuer
Common Shares of Beneficial Interest
2014-01-29$8.29/sh−51,387$425,998→ 145,011 total - Exercise/Conversion
Share Appreciation Right
2014-01-29−75,000→ 75,000 totalExercise: $5.68Exp: 2017-01-24→ Common Shares of Beneficial Interest (75,000 underlying)
Holdings
- 833(indirect: By Children)
Common Shares of Beneficial Interest
- 833(indirect: By Children)
Common Shares of Beneficial Interest
Footnotes (6)
- [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]This forfeiture was undertaken solely to satisfy a tax witholding liability relating to the vesting of a restricted share award held by the reporting person.
- [F3]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.
- [F4]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.
- [F5]These share appreciation rights vest in three equal annual installments beginning on January 29, 2015.
- [F6]These share appreciation rights vest in three equal annual installments beginning on January 29, 2013.
Documents
Issuer
RAIT Financial Trust
CIK 0001045425
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001045425
Filing Metadata
- Form type
- 4
- Filed
- Jan 30, 7:00 PM ET
- Accepted
- Jan 31, 7:31 PM ET
- Size
- 19.0 KB