X0306 4/A 2016-12-23 2016-12-27 0 0001045425 RAIT Financial Trust RAS 0001598643 Davidson Scott L.N. C/O RAIT FINANCIAL TRUST 2 LOGAN SQUARE, 100 N. 18TH ST, 23RD FL PHILADELPHIA PA 19103 0 1 0 1 CEO & President Trustee Common Shares of Beneficial Interest 2016-12-23 4 A 0 255958 0.00 A 621077 D Common Shares of Beneficial Interest 2016-12-23 4 F 0 110883 3.35 D 510194 D These transactions were previously reported by a Form 4 filed on December 27, 2016. The transactions reported in the original filing were correct but the Form 4 inadvertently overstated the number of common shares directly beneficially owned by the reporting person in Column 5 of Table I by 17,469 common shares. This Form 4/A corrects the information in Column 5. A subsequent Form 4 filed on January 11, 2017 by the reporting person similarly overstated the total number of shares directly beneficially owned by the reporting person in Column 5 of Table I by 17,469 common shares and should be deemed amended by the filing of this amendment. This forfeiture was undertaken solely to satisfy a tax withholding liability relating to the terms of restricted share awards held by the reporting person. The reporting person made the withholding election on December 23, 2016 with respect to restricted shares that were awarded on December 23, 2016. /s/ Anders F. Laren, attorney-in-fact 2017-02-28