SEC Form 4 · accession 0001209191-18-015601
RAIT Financial Trust · RAS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John J. Reyle
Officer — Int. CEO, Int. Pres. & GC
Period of report
Mar 2, 2018
Accepted (ET)
Mar 2, 2018 · 4:15 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 | Mar 2, 2018 | F | 6,320 | — | D | 45,450 | 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 March 2, 2018 with respect to restricted shares that vested on February 10, 2018, February 14, 2018 and February 22, 2018. 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 $0.48, $0.49 and $0.21, respectively, and did not exceed the maximum applicable withholding tax rate for federal (including FICA), state, local and other tax liabilities.