SEC Form 4 · accession 0001209191-17-028725
RAIT Financial Trust · RAS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott L.N. Davidson
Officer — CEO & President · Other
Period of report
Apr 26, 2017
Accepted (ET)
Apr 28, 2017 · 4:30 pm EDT
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 | Apr 26, 2017 | F | 3,749 | $3.20 | D | 687,005 | D | |
| Common Shares of Beneficial InterestF2 | Apr 26, 2017 | F | 8,962 | $3.06 | D | 678,043 | D | |
| Common Shares of Beneficial Interest | Apr 26, 2017 | A | 81,433 | $0.00 | A | 759,476 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This 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 April 26, 2017 with respect to restricted shares that vested on March 31, 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 vesting date, which was $3.20, and did not exceed the minimum applicable withholding tax rate for federal (including FICA), state, local and other tax liabilities.FICA), state, local and other tax liabilities.
- F2This 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 April 26, 2017 with respect to restricted shares that vested on April 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 vesting date, which was $3.06, and did not exceed the minimum applicable withholding tax rate for federal (including FICA), state, local and other tax liabilities.FICA), state, local and other tax liabilities.