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Stock Trading History of Frappier Ken

The following table details the trading activities (stock purchases, stock sales, and stock option exercises) reported to the Securities and Exchange Commission (SEC) by insider Frappier Ken since year 2005. The trader's CIK number is 1174780. At the time of this reporting, Frappier Ken is the Chief Credit Officer of Rait Investment Trust (stock ticker symbol RAS).

Stock purchases, sales, and option exercises reported by *Frappier Ken* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2006-12-22	RAS	Rait Investment Trust	Option Exercise	6,000	19.85	119,100

Insider trading activities including stock purchases, stock sales, and option exercises listed in the above table cannot be completely guaranteed as to their accuracy. For more information regarding the trades made by Frappier Ken (Chief Credit Officer of Rait Investment Trust at the time of this reporting) see the Securities and Exchange Commission (SEC) website.