SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Robert Joseph E JR

(Last) (First) (Middle)
C/O JER INVESTORS TRUST INC.
1650 TYSONS BLVD, SUITE 1600

(Street)
MCLEAN VA 22102

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
JER Investors Trust Inc [ JRT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman and CEO
3. Date of Earliest Transaction (Month/Day/Year)
05/23/2008
4. If Amendment, Date of Original Filed (Month/Day/Year)
05/27/2008
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common stock, par value $0.01 per share 05/23/2008 P 5,500 A $8.1 1,852,498 D
Common stock, par value $0.01 per share 05/23/2008 P 1,000 A $8.11 1,853,498 D
Common stock, par value $0.01 per share 05/23/2008 P 800 A $8.12 1,854,298 D
Common stock, par value $0.01 per share 05/23/2008 P 4,900 A $8.13 1,859,198 D
Common stock, par value $0.01 per share 05/23/2008 P 900 A $8.14 1,860,098 D
Common stock, par value $0.01 per share 05/23/2008 P 5,200 A $8.15 1,865,298 D
Common stock, par value $0.01 per share 05/23/2008 P 2,200 A $8.16 1,867,498 D
Common stock, par value $0.01 per share 05/23/2008 P 400 A $8.17 1,867,898 D
Common stock, par value $0.01 per share 05/23/2008 P 4,900 A $8.2 1,872,798 D
Common stock, par value $0.01 per share 05/23/2008 P 100 A $8.21 1,872,898 D
Common stock, par value $0.01 per share 05/23/2008 P 100 A $8.22 1,872,998 D
Common stock, par value $0.01 per share 05/23/2008 P 3,000 A $8.25 1,875,998 D
Common stock, par value $0.01 per share 659,792 I By J & L Blend(1)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Mr. Robert is the president of Robert Family Inc., the general partner of Robert Family Partnership, L.P. ("RFPLP"). RFPLP is the manager of J&L Blend-I, LLC. ("J&LBLLC"). J&LBLLC is the general partner of J&L Blend, L.P., the purchaser of the common stock.
Remarks:
This amendment is being filed for the sole purpose of correcting the number of shares of common stock beneficially owned by Mr. Robert following the reported transactions.
/s/ Daniel T. Ward, Attorney-in-fact for Joseph E. Robert, Jr. 06/18/2008
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.