SEC Form 4 · accession 0001209191-16-156854
RAIT Financial Trust · RAS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James J Sebra
Officer — CFO & Treasurer
Period of report
Dec 23, 2016
Accepted (ET)
Dec 27, 2016 · 8:05 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 InterestF1 | Dec 23, 2016 | F | 11,658 | $3.37 | D | 81,214 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This forfeiture was undertaken solely to satisfy a tax withholding liability relating to the modification of restricted share awards held by the reporting person pursuant to a Binding Memorandum of Understanding dated September 26, 2016 between the issuer and the reporting person (the "MOU"). The reporting person made the withholding election on December 23, 2016 with respect to restricted shares that were modified by the MOU as of December 20, 2016.