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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
1383052	Jack Salmon	C/O Rait Financial Trust Cira Centre, 2929 Arch St., 17Th Fl. Philadelphia PA 19104	Cfo & Treasurer	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	2011-08-08	10,000	$3.36	89,640	No	4	P	Direct

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

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Shares Of Beneficial Interest	1,000	Indirect	By reporting person's child

Footnotes

The reporting person's purchase of the issuer's common shares of beneficial interest ("Common Shares") reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 467 Common Shares, with the reporting person's sale of 467 Common Shares at a price of $6.3723 per share on June 2, 2011. The number of Common Shares sold and the related sale price per share have been adjusted for the 1-for-3 reverse stock split of the Common Shares that became effective June 30, 2011. The reporting person has agreed to pay to the issuer, before or upon the settlement of the purchase, $1,406.74 representing the full amount of the profit realized in connection with the short-swing transaction.
This amount includes 26,666 Common Shares underlying the equivalent number of phantom units.
This amount has been adjusted for the 1-for-3 reverse stock split of Common Shares that became effective June 30, 2011.
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.