Cohen & Co Inc. — Director's Dealing 2008

Jun 21, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALESCO FINANCIAL INC (AFN)
CIK: 0001270436
Period of Report: 2008-06-18

Reporting Person: DAWSON G STEVEN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-06-18	Common Stock, par value $0.001 per share	A	20849	—	Acquired	128349	Direct

Footnotes

F1: Reflects 20,849 restricted shares of common stock awarded on June 18, 2008 under the Alesco Financial Inc. 2006 Long-Term Incentive Plan.

F2: Includes 100,000 shares of common stock held by Corriente Partners, L.P., which is a limited partnership owned by the Reporting Person and the Reporting Person's spouse. The Reporting Person has full voting and investment control over the securities held by Corriente Partners, L.P.

F3: Of the total number of shares of common stock beneficially owned by the Reporting Person, 25,849 shares are restricted common stock.