Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
Permut Kyle A
   2. Issuer Name and Ticker or Trading Symbol
ARBOR REALTY TRUST INC [ABR] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O ARBOR REALTY TRUST, 333 EARLE OVINGTON BLVD., STE. 900		 3. Date of Earliest Transaction (Month/Day/Year)
05/20/2010
(Street)

UNIONDALE, NY 11553		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.01 per share 05/20/2010   P   1,677 A $ 3.45 51,094 D  
Common Stock, par value $0.01 per share 05/20/2010   P   3,100 A $ 3.47 54,194 D  
Common Stock, par value $0.01 per share 05/20/2010   P   2,400 A $ 3.4758 56,594 D  
Common Stock, par value $0.01 per share 05/20/2010   P   500 A $ 3.48 57,094 D  
Common Stock, par value $0.01 per share 05/20/2010   P   900 A $ 3.4844 57,994 D  
Common Stock, par value $0.01 per share 05/20/2010   P   200 A $ 3.485 58,194 D  
Common Stock, par value $0.01 per share 05/20/2010   P   200 A $ 3.49 58,394 D  
Common Stock, par value $0.01 per share 05/20/2010   P   5,200 A $ 3.4964 63,594 D  
Common Stock, par value $0.01 per share 05/20/2010   P   1,200 A $ 3.5 64,794 D  
Common Stock, par value $0.01 per share 05/20/2010   P   1,000 A $ 3.501 65,794 D  
Common Stock, par value $0.01 per share 05/20/2010   P   200 A $ 3.5025 65,994 D  
Common Stock, par value $0.01 per share 05/20/2010   P   400 A $ 3.505 66,394 D  
Common Stock, par value $0.01 per share 05/20/2010   P   3,400 A $ 3.506 69,794 D  
Common Stock, par value $0.01 per share 05/20/2010   P   600 A $ 3.51 70,394 D  
Common Stock, par value $0.01 per share 05/20/2010   P   300 A $ 3.5117 70,694 D  
Common Stock, par value $0.01 per share 05/20/2010   P   400 A $ 3.52 71,094 D  
Common Stock, par value $0.01 per share 05/20/2010   P   300 A $ 3.525 71,394 D  
Common Stock, par value $0.01 per share 05/20/2010   P   423 A $ 3.53 71,817 D  
Common Stock, par value $0.01 per share 05/20/2010   P   300 A $ 3.535 72,117 D  
Common Stock, par value $0.01 per share 05/20/2010   P   100 A $ 3.54 72,217 D  
Common Stock, par value $0.01 per share 05/20/2010   P   100 A $ 3.545 72,317 D  
Common Stock, par value $0.01 per share 05/20/2010   P   100 A $ 3.555 72,417 D  
Common Stock, par value $0.01 per share 05/20/2010   P   1,900 A $ 3.56 74,317 D  
Common Stock, par value $0.01 per share 05/20/2010   P   100 A $ 3.5625 74,417 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Permut Kyle A
C/O ARBOR REALTY TRUST
333 EARLE OVINGTON BLVD., STE. 900
UNIONDALE, NY 11553		   X      

Signatures

 /s/ Walter K. Horn, Attorney-in-Fact for Kyle A. Permut   05/24/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.