CIT GROUP INC 4
4 · CIT GROUP INC · Filed May 14, 2015
Insider Transaction Report
Form 4
TOBIN PETER J
Director
Transactions
- Award
Restricted Stock Units
[F1][F2][F3]2015-05-12+2,593.474→ 2,593.474 total→ Common Stock (2,593.474 underlying) - Exercise/Conversion
Restricted Stock Units
[F4][F2][F3][F5][F1]2015-05-13−952.154→ 1,904.309 total→ Common Stock (952.154 underlying) - Exercise/Conversion
Deferred Share Unit
[F6][F2][F3][F5][F7]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.
Signature
/s/ James P. Shanahan, Attorney-in-Fact for Mr. Tobin|2015-05-14