CIT GROUP INC 4
4 · CIT GROUP INC · Filed Aug 5, 2015
Insider Transaction Report
Form 4
MNUCHIN STEVEN T
DirectorVice Chairman
Transactions
- Award
Common Stock
2015-08-03$44.33/sh+1,591,150$70,535,680→ 1,591,150 total(indirect: By Trust) - Award
Common Stock
2015-08-03$44.33/sh+530,920$23,535,684→ 530,920 total(indirect: By Trust)
Holdings
- 0
Common Stock
Footnotes (6)
- [F1]Effective as of August 3, 2015, pursuant to the Agreement and Plan of Merger, dated July 21, 2014, by and among CIT Group Inc. ("CIT"), IMB Holdco LLC ("IMB"), Carbon Merger Sub LLC, a wholly wholly-owned subsidiary of CIT ("Merger Sub") and JCF III HoldCo I L.P., in its capacity as the holders' representative (the "Merger Agreement"), as amended by Amendment No. 1, dated July 21, 2015, IMB merged with and into Merger Sub with Merger Sub surviving as a wholly-owned subsidiary of CIT (the "Merger"). Pursuant to the terms of the Merger Agreement, as amended by the Amendment, CIT paid merger consideration consisting of cash and CIT common stock to holders of IMB common interests.
- [F2]Shares are held by the Steven T. Mnuchin Revocable Trust.
- [F3]Represents CIT common stock acquired in the Merger.
- [F4]Based on the fixed CIT stock price of $44.33 specified in the Merger Agreement.
- [F5]Pursuant to Rule 16a-1(a)(2)(ii)(B) under the Securities Exchange Act of 1934, as amended (the "Act"), the Reporting Person may be deemed to be the beneficial owner of the securities reported herein only to the extent of his pecuniary interest therein. Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities reported herein in excess of such amount.
- [F6]Shares are held by the Steven T. Mnuchin Dynasty Trust.