X0202 4 2007-11-07 0 0001253986 ARBOR REALTY TRUST INC ABR 0000942473 KAUFMAN IVAN C/O ARBOR REALTY TRUST, INC. 333 EARLE OVINGTON BLVD., STE. 900 UNIONDALE NY 11553 1 1 1 0 COB, CEO and President Common Stock, par value $.01 per share 2007-11-07 4 A 0 62002 A 1047900 I By Arbor Commercial Mortgage, LLC Common Stock, par value $.01 per share 114334 D Common Stock, par value $.01 per share 2400 I By son, Maurice Kaufman under Uniform Gift to Minors Act Common Stock, par value $.01 per share 1617 I By son, Adam Kaufman under Uniform Gift to Minors Act Pursuant to the Amended and Restated Management Agreement, dated January 19, 2005, by and among Arbor Commerical Mortgage, LLC ("ACM"), Arbor Realty Trust, Inc. ("ART"), Arbor Realty Limited Partnership and Arbor Realty SR, Inc., ACM is entitled to a quarterly incentive fee, 25% of which must be paid in shares of ART common stock. These shares represent 25% of this incentive fee with respect to the quarter ended September 30, 2007. These shares are held by ACM. Mr. Kaufman owns 50.68% of ACM directly. Mr. Kaufman and Lisa Kaufman, his spouse, jointly own 100% of Arbor Management, LLC, which owns 0.62% of ACM. The Ivan and Lisa Kaufman Family Trust owns 34.68% of ACM. The Ivan Kaufman Grantor Retained Trust (of which Mr. Kaufman is also a co-trustee) owns 3.92% of ACM. Both trusts benefit the dependent children of Mr. Kaufman. /s/ Walter K. Horn, Attorney-In-Fact for Ivan Kaufman 2007-11-09