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4//SEC Filing

CIT GROUP INC 4

Accession 0001127602-17-018355

CIK 0001171825operating
View on SEC.govCompany Profile

Filed

May 15, 8:00 PM ET

Accepted

May 16, 4:24 PM ET

Size

19.0 KB

Accession

0001127602-17-018355

Insider Transaction Report

Form 4
Period: 2017-05-12
CIT GROUP INCCIT
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.

Documents

1 file

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, 4:24 PM ET
Size
19.0 KB
View on SEC.gov