EDUCATION LENDING GROUP INC 3
3 · EDUCATION LENDING GROUP INC · Filed Feb 18, 2005
Insider Transaction Report
Form 3
CIT ELG CORP
10% Owner
Holdings
- 17,342,624
Common Stock, par value $0.001 per share
Footnotes (1)
- [F1]Pursuant to the offer by CIT ELG Corporation, a Delaware corporation ("Purchaser") and a wholly owned subsidiary of CIT Group Inc., a Delaware corporation ("Parent"), to purchase all outstanding shares of common stock, par value $0.001 per share, of Education Lending Group, Inc., a Delaware corporation (the "Company"), including the associated preferred share purchase rights issued pursuant to the Rights Agreement, dated January 4, 2005, between the Company and American Stock Transfer & Trust Company, as rights agent (together, the "Shares" ), at a purchase price of $19.05 per Share, net to the seller in cash, on February 14, 2005, Purchaser acquired 17,342,624 Shares, representing approximately 96% of Company's outstanding Shares. On February 17, 2005, Parent completed the acquisition of the Company through a merger of Purchaser with and into the Company, with the Company as the surviving corporation.