SEC Form 4 · accession 0001209191-15-012660
RAIT Financial Trust · RAS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Schaeffer
Officer — Chief Executive Officer · Other
Period of report
Feb 10, 2015
Accepted (ET)
Feb 12, 2015 · 4:12 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001045425
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares of Beneficial Interest | Feb 10, 2015 | A | 30,000 | $0.00 | A | 382,070 | D | |
| Common Shares of Beneficial InterestF1 | Feb 12, 2015 | F | 21,543 | $7.20 | D | 360,527 | D | |
| Common Shares of Beneficial Interest | holding | — | — | — | 3,666 | I | By 401(k) plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share Appreciation RightF2 | $7.23 | Feb 10, 2015 | A | 200,000 | A | — | Feb 10, 2020 | Common Shares of Beneficial Interest | 200,000 | 200,000 | D |
Explanation of responses
- F1This forfeiture was undertaken solely to satisfy a tax withholding liability relating to the vesting of restricted share awards held by the reporting person. The reporting person made the withholding election on February 12, 2015 with respect to restricted shares that vested on January 29, 2015.
- F2These share appreciation rights vest in three equal annual installments beginning on February 10, 2016.