CIT GROUP INC 4
4 · CIT GROUP INC · Filed Jan 22, 2008
Insider Transaction Report
Form 4
OWENS WALTER
Exec VP, Chf Sales/Mktg Off.
Transactions
- Award
Option (Right to Buy)
2008-01-17+63,269→ 63,269 totalExercise: $21.15Exp: 2015-01-17→ Common Stock (63,269 underlying) - Award
Restricted Cash Unit
2008-01-17+66,194→ 66,194 totalExp: 2010-01-17→ Common Stock (66,194 underlying)
Footnotes (3)
- [F1]Options vest and become exercisable in 1/3 increments on each of the 1st, 2nd, and 3rd anniversaries of the grant date.
- [F2]Each Restricted Cash Unit is the economic equivalent of one share of CIT common stock and was granted based on the closing price of CIT common stock of $21.15 on 01/17/08 (date of earnings release).
- [F3]Restricted Cash Units vest in 50% increments on each of the first and second anniversaries of the date of grant and are payable in cash based on the closing price of CIT common stock on the vest date.