0000919574-12-003926.txt : 20120604 0000919574-12-003926.hdr.sgml : 20120604 20120604173333 ACCESSION NUMBER: 0000919574-12-003926 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120604 FILED AS OF DATE: 20120604 DATE AS OF CHANGE: 20120604 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: RAIT Financial Trust CENTRAL INDEX KEY: 0001045425 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 232919819 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1818 MARKET STREET 2: 28TH FL CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 2158617900 MAIL ADDRESS: STREET 1: 1818 MARKET STREET 2: 28TH FL CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: RAIT INVESTMENT TRUST DATE OF NAME CHANGE: 20010227 FORMER COMPANY: FORMER CONFORMED NAME: RESOURCE ASSET INVESTMENT TRUST DATE OF NAME CHANGE: 19970904 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: RIMA SENVEST MANAGEMENT, L.L.C. CENTRAL INDEX KEY: 0001328785 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14760 FILM NUMBER: 12887076 BUSINESS ADDRESS: STREET 1: 111 EAST 55TH STREET STREET 2: SUITE 1600 CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 514-281-8082 MAIL ADDRESS: STREET 1: 111 EAST 55TH STREET STREET 2: SUITE 1600 CITY: NEW YORK STATE: NY ZIP: 10022 FORMER NAME: FORMER CONFORMED NAME: RIMA MANAGEMENT, LLC DATE OF NAME CHANGE: 20050531 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MASHAAL RICHARD R CENTRAL INDEX KEY: 0001536894 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14760 FILM NUMBER: 12887075 BUSINESS ADDRESS: STREET 1: C/O RIMA SENVEST MANAGEMENT, L.L.C. STREET 2: 110 EAST 55TH ST., SUITE 1600 CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-977-2466 MAIL ADDRESS: STREET 1: C/O RIMA SENVEST MANAGEMENT, L.L.C. STREET 2: 110 EAST 55TH ST., SUITE 1600 CITY: NEW YORK STATE: NY ZIP: 10022 4 1 p1296192.xml RAIT FINANCIAL TRUST/RIMA SENVEST MANAGEMENT, L.L.C. X0305 4 2012-06-04 0 0001045425 RAIT Financial Trust RAS 0001328785 RIMA SENVEST MANAGEMENT, L.L.C. 111 EAST 55TH STREET SUITE 1600 NEW YORK NY 10022 0 0 1 0 0001536894 MASHAAL RICHARD R 110 EAST 55TH STREET SUITE 1600 NEW YORK NY 10022 0 0 1 0 Common Shares of Beneficial Interest 2012-06-04 4 P 0 5000 3.9445 A 3426367 I See footnote The amount of securities beneficially owned as reported under Table I, Item 5 on January 18, 2012, February 13, 2012, March 8, 2012, March 20, 2012, March 29, 2012 and April 3, 2012 was underreported by 117,816 shares representing 14,175 shares acquired on January 6, 2012 and 103,641 shares acquired on January 9, 2012, each as reported on a Form 4 filed January 9, 2012 (the "January Acquisitions"). The amount of securities beneficially owned as reported under Table I, Item 5 reported on April 23, 2012, April 30, 2012, May 7, 2012, May 18, 2012, May 29, 2012 and June 1, 2012 was underreported by (a) the January Acquisitions and (b) 26,000 shares acquired on April 13, 2012 as reported on a Form 4 filed June 4, 2012. These securities are held in the accounts of several investment partnerships and investment funds (collectively, the "Investment Vehicles") for which RIMA Senvest Management, L.L.C. ("RIMA") serves as investment manager or general partner. Richard Mashaal is the managing member of RIMA. RIMA and Mr. Mashaal may be deemed to beneficially own the securities held by the Investment Vehicles by virtue of RIMA's position as investment manager or general partner of the Investment Vehicles and Mr. Mashaal's status as the managing member of RIMA. (+) Each of the Reporting Person and the joint filer (individually, each a "Reporting Person" and collectively, the "Reporting Persons") disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. The Reporting Persons affirmatively disclaim being a "group" for purposes of Section 16 of the Securities Exchange Act of 1934, as amended. RIMA Senvest Management, L.L.C.(+) By: /s/ Richard R. Mashaal, Managing Member 2012-06-04 /s/ Richard R. Mashaal (+) 2012-06-04