CIT GROUP INC 4
4 · CIT GROUP INC · Filed May 16, 2017
Insider Transaction Report
Form 4
PARRS MARIANNE M
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2017-05-13−1,031.502→ 0 total→ Common Stock (1,031.502 underlying) - Exercise/Conversion
Common Stock
2017-05-12+936.532→ 11,011.548 total - Disposition to Issuer
Common Stock
2017-05-13$46.87/sh−515.751$24,173→ 11,059.033 total - Exercise/Conversion
Common Stock
2017-05-13+1,031.502→ 11,574.784 total - Disposition to Issuer
Common Stock
2017-05-12$46.87/sh−468.266$21,948→ 10,543.282 total - Exercise/Conversion
Common Stock
2017-05-15+1,299.351→ 12,358.384 total - Disposition to Issuer
Common Stock
2017-05-15$47.31/sh−649.675$30,736→ 11,708.709 total - Exercise/Conversion
Restricted Stock Units
2017-05-12−936.532→ 936.532 total→ Common Stock (936.532 underlying) - Exercise/Conversion
Restricted Stock Units
2017-05-15−1,299.351→ 2,598.701 total→ Common Stock (1,299.351 underlying)
Footnotes (5)
- [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]Each restricted stock unit ("RSU") had the economic equivalent of one share of CIT common stock.
- [F3]The restricted stock units vested on a Saturday, therefore, the closing price of CIT common stock on the immediately preceding Friday was used for the settlement.
- [F4]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.
- [F5]Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock.