4//SEC Filing
Silberstein Andrew Mark 4
Accession 0001209191-18-024822
CIK 0001045425other
Filed
Apr 12, 8:00 PM ET
Accepted
Apr 13, 4:07 PM ET
Size
7.2 KB
Accession
0001209191-18-024822
Insider Transaction Report
Form 4
Transactions
- Disposition to Issuer
Series D Cumulative Redeemable Preferred Shares
2018-03-19−194,530→ 2,939,190 total(indirect: By ARS VI Investor I, LP)→ Series E Cumulative Redeemable Preferred Shares (194,530 underlying)
Footnotes (3)
- [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 redeemed by the issuer pursuant to the terms of the Extension Agreement dated as of March 12, 2018 (the "Extension Agreement") among the issuer, certain subsidiaries of the issuer and ARS VI Investor I, LP (the "Investor"). The redemption price per Series D Cumulative Redeemable Preferred Share in the Extension Agreement was $25.00 per share, plus accumulated and unpaid dividends.
- [F3]The reported securities are owned directly by the Investor, a limited partnership in which the reporting person indirectly holds an equity interest. The Investor converted from a limited liability company into a limited partnership on December 31, 2013. Prior to the conversion, the Investor was known as ARS VI Investor I, LLC. Pursuant to the Securities Purchase Agreement dated as of October 1, 2012 among the Investor, the issuer and certain subsidiaries of the issuer, the Investor may designate a trustee on the issuer's board of trustees. The deputized trustee of the Investor is the reporting person, who serves on the issuer's board of trustees as the Investor's representative. The reporting person disclaims beneficial ownership of the reported securities except to the extent of the reporting person's pecuniary interest therein.
Documents
Issuer
RAIT Financial Trust
CIK 0001045425
Entity typeother
Related Parties
1- filerCIK 0001559072
Filing Metadata
- Form type
- 4
- Filed
- Apr 12, 8:00 PM ET
- Accepted
- Apr 13, 4:07 PM ET
- Size
- 7.2 KB