X0304 4 2011-08-08 0 0001045425 RAIT Financial Trust RAS 0001401067 Sebra James J C/O RAIT FINANCIAL TRUST CIRA CENTRE, 2929 ARCH ST., 17TH FL. PHILADELPHIA PA 19104 0 1 0 0 SVP & CAO Common Shares of Beneficial Interest 2011-08-08 4 P 0 3000 3.3688 A 43919 D This amount includes 20,833 common shares of beneficial interest underlying the equivalent number of phantom units and has been adjusted for the 1-for-3 reverse stock split of the issuer's common shares of beneficial interest that became effective June 30, 2011. /s/ Anders F. Laren, attorney-in-fact 2011-08-08