RAIT Financial Trust 4
4 · RAIT Financial Trust · Filed Feb 28, 2017
Insider Transaction Report
Form 4
Reyle John J.
Senior Managing Director-CLO
Transactions
- Tax Payment
Common Shares of Beneficial Interest
2017-02-27−5,148→ 40,370 total
Footnotes (1)
- [F1]This forfeiture was undertaken solely to satisfy tax withholding liabilities relating to the vesting of restricted share awards held by the reporting person. The reporting person made the withholding election on February 27, 2017 with respect to restricted shares that vested on January 29, 2017, February 10, 2017 and February 22, 2017. 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 vesting date which was $3.55, $3.69 and $3.56, respectively, and did not exceed the minimum applicable withholding tax rate for federal (including FICA), state, local and other tax liabilities.