X0303 4 2009-06-11 0 0001045425 RAIT Financial Trust RAS 0001383052 Salmon Jack C/O RAIT FINANCIAL TRUST CIRA CENTRE, 2929 ARCH ST., 17TH FL. PHILADELPHIA PA 19104 0 1 0 0 CFO & Treasurer Common Shares of Beneficial Interest 2009-06-11 4 S 0 7500 1.40 D 105017 D Common Shares of Beneficial Interest 3000 I By reporting person's child The reporting person sold these securities to another executive officer of the issuer in a private transaction. This sale was completed in accordance with the reporting person's personal tax planning strategies. 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. Anders F. Laren, attorney-in-fact 2009-06-12