Cohen & Co Inc. — Director's Dealing 2007

Feb 14, 2007

SEC Form 4/A — Form 4/A

Issuer: ALESCO FINANCIAL INC (AFN)
CIK: 0001270436
Period of Report: 2007-01-31

Reporting Person: COHEN DANIEL G (Director, Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-31	Common Stock, $0.001 par value per share	A	246205	—	Acquired	571320	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.001 par value per share	504000	Indirect

Footnotes

F1: Mr. Cohen was awarded 246,205 restricted shares under the Alesco Financial Inc. 2006 Long-Term Incentive Plan. The restrictions expire, pro rata, on the last day of each 3-month period commencing on April 30, 2007 and ending on January 31, 2010.

F2: 504,000 shares are held by Cohen & Company, LLC, a company that Mr. Cohen may be deemed to control. Mr. Cohen disclaims any interest in such shares beyond his pecuniary interest.