JER Investors Trust Inc 4
4 · JER Investors Trust Inc · Filed Dec 24, 2009
Insider Transaction Report
Form 4
EJF Capital LLC
10% Owner
Transactions
- Sale
Common Stock
2009-12-23$0.12/sh−23,108$2,773→ 790,809 total(indirect: See footnotes)
Footnotes (2)
- [F1]EJF Capital LLC ("EJF"), though wholly-owned subsidiaries, manages each of EJF Distressed Master Fund II, L.P. ("Distressed Fund") and Kodiak CDO II, Ltd. ("Kodiak"). Emanuel J. Friedman ("Friedman") is the controlling member of EJF. Friedman, Distressed Fund, and Kodiak have the same address as the reporting person listed above.
- [F2]EJF and Friedman may be deemed to beneficially own the 503,855 shares of common stock owned by Distressed Fund, and the 286,954 shares owned by Kodiak. Each of the reporting person, Friedman, Distressed Fund and Kodiak disclaims beneficial ownership of such 790,809 shares of common stock, except to the extent of its respective pecuniary interest, if any, in such 790,809 shares.