4//SEC Filing
CIT GROUP INC 4
Accession 0001127602-15-017324
CIK 0001171825operating
Filed
May 13, 8:00 PM ET
Accepted
May 14, 5:16 PM ET
Size
10.2 KB
Accession
0001127602-15-017324
Insider Transaction Report
Form 4
TOBIN PETER J
Director
Transactions
- Award
Restricted Stock Units
2015-05-12+2,593.474→ 2,593.474 total→ Common Stock (2,593.474 underlying) - Exercise/Conversion
Restricted Stock Units
2015-05-13−952.154→ 1,904.309 total→ Common Stock (952.154 underlying) - Exercise/Conversion
Deferred Share Unit
2015-05-13+952.154→ 6,892.301 total→ Common Stock (952.154 underlying)
Footnotes (7)
- [F1]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.
- [F2]Filer elected to defer issuance of stock until he is no longer a member of the Board.
- [F3]Filer elected to receive 100% stock upon settlement.
- [F4]Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock.
- [F5]Each restricted stock unit ("RSU") had the economic equivalent of one share of CIT common stock.
- [F6]Each Deferred Share Unit is the economic equivalent of one share of CIT common stock.
- [F7]Deferred share units ("DSU") will expire and settle in shares of common stock upon filer's departure from the Board.
Documents
Issuer
CIT GROUP INC
CIK 0001171825
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001171825
Filing Metadata
- Form type
- 4
- Filed
- May 13, 8:00 PM ET
- Accepted
- May 14, 5:16 PM ET
- Size
- 10.2 KB