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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1045425	Rait Financial Trust	RAS	Real Estate Investment Trusts (6798)	232919819

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1383119	Raphael Licht	C/O Rait Financial Trust Cira Centre, 2929 Arch St., 17Th Fl. Philadelphia PA 19104	Coo & Secretary	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Shares Of Beneficial Interest	Acquisiton	2011-06-02	3,600	$2.12	235,104	No	4	P	Direct
Common Shares Of Beneficial Interest	Acquisiton	2011-06-02	1,400	$2.12	236,504	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Shares Of Beneficial Interest	2,500	Indirect	By reporting person as UGMA custodian for his child
Common Shares Of Beneficial Interest	2,500	Indirect	By reporting person as UGMA custodian for his child

Footnotes

Excludes 1,000 common shares held by the reporting person's father. The reporting person disclaims beneficial ownership of the common shares held by the reporting person's father, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such common shares for purposes of Section 16 or for any other purpose.
This amount includes 117,500 common shares underlying the equivalent number of phantom units.
The reporting person purchased these securities from another executive officer of the issuer in a private transaction.
The reporting person disclaims beneficial ownership of these common shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such common shares for purposes of Section 16 or for any other purpose.