Cohen & Co Inc. — Director's Dealing 2009

Jun 10, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALESCO FINANCIAL INC (AFN)
CIK: 0001270436
Period of Report: 2009-06-08

Reporting Person: DAWSON G STEVEN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-06-08	Common Stock, par value $0.001 per share	P	12400	$0.7000	Acquired	93546	Indirect

Footnotes

F1: These securities are held by Corriente Partners, L.P., which is wholly owned by Corriente Private Trust. The Reporting Person is the sole trustee and beneficiary of Corriente Private Trust. The Reporting Person through Corriente Private Trust has voting and investment control with respect to the securities held by Corriente Partners, L.P.

F2: Since the last reporting date, the Reporting Person has transferred 47,202 shares of common stock pursuant to a legal settlement. The Reporting Person no longer reports as beneficially owned such securities.

F3: Of the total number of securities beneficially owned by the Reporting Person, 16,399 shares are restricted common stock that have not vested as of the reporting date.