4//SEC Filing
CIT GROUP INC 4
Accession 0001127602-16-052284
CIK 0001171825operating
Filed
May 15, 8:00 PM ET
Accepted
May 16, 3:26 PM ET
Size
16.8 KB
Accession
0001127602-16-052284
Insider Transaction Report
Form 4
TOBIN PETER J
Director
Transactions
- Exercise/Conversion
Deferred Share Unit
2016-05-14+906.623→ 11,639.525 total→ Common Stock (906.623 underlying) - Exercise/Conversion
Restricted Stock Units
2016-05-12−864.491→ 1,728.983 total→ Common Stock (864.491 underlying) - Exercise/Conversion
Deferred Share Unit
2016-05-12+864.491→ 9,780.748 total→ Common Stock (864.491 underlying) - Exercise/Conversion
Restricted Stock Units
2016-05-13−952.154→ 952.155 total→ Common Stock (952.154 underlying) - Exercise/Conversion
Deferred Share Unit
2016-05-13+952.154→ 10,732.902 total→ Common Stock (952.154 underlying) - Exercise/Conversion
Restricted Stock Units
2016-05-14−906.623→ 0 total→ Common Stock (906.623 underlying)
Footnotes (8)
- [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 no longer a member of the Board.
- [F3]Filer elected to receive 100% stock upon settlement.
- [F4]Each restricted stock unit ("RSU") had the economic equivalent of one share of CIT common stock.
- [F5]Each Deferred Share Unit is the economic equivalent of one share of CIT common stock.
- [F6]Filer elected to defer issuance of stock until he is no longer a member of the Board.
- [F7]Deferred share units ("DSU") will expire and settle in shares of common stock upon filer's departure from the Board.
- [F8]Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock.
Documents
Issuer
CIT GROUP INC
CIK 0001171825
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001171825
Filing Metadata
- Form type
- 4
- Filed
- May 15, 8:00 PM ET
- Accepted
- May 16, 3:26 PM ET
- Size
- 16.8 KB