X0304 4 2012-03-08 0 0001332551 Resource Capital Corp. RSO 0001312739 Beach Walter T 2005 MARKET STREET, 15TH FLOOR ONE COMMERCE SQUARE PHILADELPHIA PA 19103 1 0 0 0 Common Stock 2012-03-08 4 A 0 3919 A 39472 D Common Stock 346459 I By Investment Companies The reporting person has been granted 3,919 shares of restricted common stock under the issuer's 2007 Omnibus Equity Compensation Plan. These shares will fully vest on March 8, 2013 and are receivable on account of the reporting person's service as a director of the Issuer and without additional consideration. Beach Investment Counsel, Beach Investment Management, LLC and Beach Asset Management, LLC are investment firms for which the reporting person acts as a managing director and possesses investment and/or voting power over the shares managed by them. Walter T. Beach 2012-03-12