CIT GROUP INC 4
4 · CIT GROUP INC · Filed May 12, 2016
Insider Transaction Report
Form 4
OROS JOHN J
Director
Transactions
- Award
Restricted Stock Units
2016-05-10+3,148.426→ 3,148.426 total→ Common Stock (3,148.426 underlying) - Award
Common Stock
2016-05-10+2,998.502→ 3,004.502 total
Footnotes (5)
- [F1]RSUs are scheduled to vest in three equal installments on May 15, 2017, 2018, and 2019. RSUs will settle 100% in shares of common stock of CIT.
- [F2]Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock.
- [F3]Filer elected to defer issuance of stock until no longer a member of the Board.
- [F4]Filer elected to receive 100% stock upon settlement.
- [F5]RSUs are scheduled to vest in three equal installments on May 15, 2017, 2018, and 2019 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.