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: 2009-06-04

Reporting Person: Ullom Lance (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-06-04	Common Stock, par value $0.001 per share	P	80000	$0.6198	Acquired	80000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.001 per share	57949	Direct

Footnotes

F1: These securities are held in a trust for the benefit of the Reporting Person's spouse. The Reporting Person is a trustee and beneficiary of the trust.

F2: 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.