CIT GROUP INC 4
4 · CIT GROUP INC · Filed Jul 30, 2013
Insider Transaction Report
Form 4
TOBIN PETER J
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2013-07-27−124→ 124.839 total→ Common Stock (124 underlying) - Exercise/Conversion
Deferred Share Unit
2013-07-27+124→ 2,982 total→ Common Stock (124 underlying)
Footnotes (8)
- [F1]Each Deferred Share Unit is the economic equivalent of one share of CIT common stock.
- [F2]Filer elected to defer settlement of these RSUs as DSUs until he is no longer a member of the Board of CIT.
- [F3]Filer elected to receive 100% stock upon settlement.
- [F4]Filer elected to defer issuance of stock until he is no longer a member of the Board.
- [F5]Deferred share units ("DSU") will expire and settle in shares of common stock upon filer's departure from the Board.
- [F6]Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock.
- [F7]Each restricted stock unit represents one share of CIT common stock.
- [F8]RSUs are scheduled to vest in three equal installments on the first, second and third anniversaries of the date of grant and are payable 50% in shares of CIT common stock and 50% in cash. The cash payment shall be based on the closing price of CIT common stock on the vesting date.