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: Patel Shami (COO and CIO)

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	13500	$0.00	Acquired	92293	Direct

Footnotes

F1: Mr. Patel was awarded 13,500 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: Includes (in addition to the 13,500 restricted shares described in footnote 1) 33,182 shares of restricted stock. The restrictions on the 33,182 restricted shares expire pro rata on the last day of each calendar quarter during the two-year period following January 31, 2007.