Cohen & Co Inc. — Director's Dealing 2009

Jun 8, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALESCO FINANCIAL INC (AFN)
CIK: 0001270436
Period of Report: 2009-06-05

Reporting Person: COHEN DANIEL G (Director, Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-06-05	Common stock, par value $0.001 per share	P	2700000	$0.7000	Acquired	3588116	Direct

Holdings (Non-Derivative)

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

Footnotes

F1: These securities were acquired in a private transaction.

F2: Of the total number of securities beneficially owned by the Reporting Person, 154,885 shares are restricted common stock that have not vested as of the reporting date.

F3: These securities are held by Cohen Brothers, LLC, d/b/a Cohen & Company, a company which the Reporting Person may be deemed to control. The Reporting Person disclaims any interest in the securities held by Cohen & Company beyond his pecuniary interest.