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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * KAUFMAN IVAN 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                    __X__ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
COB, CEO and President
(Last)         (First)         (Middle)
C/O ARBOR REALTY TRUST, INC., 333 EARLE OVINGTON BLVD., STE. 900
3. Date of Earliest Transaction (MM/DD/YYYY)
2/17/2021
(Street)
UNIONDALE, NY 11553
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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  2/17/2021    M(1)    448980  A $0  1402043  D   
Common Stock, par value $0.01 per share  2/17/2021    F(2)    219897  D $15.63  1182146  D   
Common Stock, par value $0.01 per share                 3528083 (3) I  By Arbor Commercial Mortgage, LLC 
Common Stock, par value $0.01 per share                 3632  I  By son, Maurice Kaufman 
Common Stock, par value $0.01 per share                 1632  I  By son, Adam Kaufman 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Restricted Stock Units   (4) 2/17/2021    M (1)       448980   2/17/2021   (5) Common Stock, par value $0.01 per share  448980  $0  1009499  D   

Explanation of Responses:
(1)  In 2017, Mr. Kaufman was granted up to 448,980 of Restricted Stock Units, which were issuable based on the achievement of certain four-year shareholder return objectives ending December 31, 2020 of Arbor Realty Trust, Inc. (the "Company"). Based on the Company's results, 448,980 Restricted Stock Units vested.
(2)  Represents shares that have been withheld by the Company to satisfy tax-withholding obligations in connection with the vesting of Mr. Kaufman's Restricted Stock Units.
(3)  Mr. Kaufman disclaims beneficial ownership of these shares of common stock except to the extent of his pecuniary interest therein.
(4)  Each Restricted Stock Unit represents the contingent right to receive one share of common stock upon vesting of the unit.
(5)  Not applicable.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
KAUFMAN IVAN
C/O ARBOR REALTY TRUST, INC.
333 EARLE OVINGTON BLVD., STE. 900
UNIONDALE, NY 11553
X X COB, CEO and President

Signatures
/s/ Ivan Kaufman 2/19/2021
**Signature of Reporting Person Date