0001209191-14-006308.txt : 20140131 0001209191-14-006308.hdr.sgml : 20140131 20140131191508 ACCESSION NUMBER: 0001209191-14-006308 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20140129 FILED AS OF DATE: 20140131 DATE AS OF CHANGE: 20140131 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: SCHAEFFER SCOTT CENTRAL INDEX KEY: 0001168758 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14760 FILM NUMBER: 14566215 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2014-01-29 0 0001045425 RAIT Financial Trust RAS 0001168758 SCHAEFFER SCOTT C/O RAIT FINANCIAL TRUST CIRA CENTRE, 2929 ARCH ST., 17TH FL. PHILADELPHIA PA 19104 0 1 0 1 Chief Executive Officer Chairman & Trustee Common Shares of Beneficial Interest 2014-01-29 4 A 0 40000 0.00 A 297337 D Common Shares of Beneficial Interest 2014-01-29 4 F 0 15537 8.29 D 281800 D Common Shares of Beneficial Interest 2014-01-30 4 M 0 400000 5.68 A 681800 D Common Shares of Beneficial Interest 2014-01-30 4 D 0 271770 8.36 D 410030 D Common Shares of Beneficial Interest 2014-01-30 4 F 0 57960 8.36 D 352070 D Common Shares of Beneficial Interest 3666 I By 401(k) plan Share Appreciation Right 8.29 2014-01-29 4 A 0 120000 0.00 A 2019-01-29 Common Shares of Beneficial Interest 120000 120000 D Share Appreciation Right 5.68 2014-01-30 4 M 0 400000 0.00 D 2017-01-24 Common Shares of Beneficial Interest 400000 200000 D This forfeiture was undertaken solely to satisfy a tax witholding liability relating to the vesting of a restricted share award held by the reporting person. The reporting person elected to satisfy the tax withholding obligations of the issuer with respect to the exercise of a portion of the reporting person's share appreciation rights, which exercise was being settled with common shares of the issuer, by having common shares withheld from the common shares issued in connection with such settlement. The common shares so withheld are being reported herein as a disposition to the issuer. 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 settlement date and did not exceed the minimum applicable withholding tax rate for federal (including FICA), state, local and other tax liabilities. These share appreciation rights vest in three equal annual installments beginning on January 29, 2015. These share share appreciation rights vest in three equal annual installments beginning on January 24, 2013. /s/ Anders F. Laren, attorney-in-fact 2014-01-31