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Stock Trading History of Stempel Murray Iii

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 Stempel Murray Iii since year 2005. The trader's CIK number is 1383037. At the time of this reporting, Stempel Murray Iii is the Other of Rait Investment Trust (stock ticker symbol RAS).

Stock purchases, sales, and option exercises reported by *Stempel Murray Iii* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2007-08-15	RAS	Rait Investment Trust	Purchase	10,000	6.50	65,000

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 Stempel Murray Iii (Other of Rait Investment Trust at the time of this reporting) see the Securities and Exchange Commission (SEC) website.