4//SEC Filing
FREEMAN WILLIAM M 4
Accession 0001127602-20-017224
CIK 0001171825other
Filed
May 18, 8:00 PM ET
Accepted
May 19, 5:06 PM ET
Size
19.2 KB
Accession
0001127602-20-017224
Insider Transaction Report
Form 4
FREEMAN WILLIAM M
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2020-05-15−856.53→ 0 total→ Common Stock (856.53 underlying) - Exercise/Conversion
Common Stock
2020-05-15+752.587→ 12,314.732 total - Exercise/Conversion
Restricted Stock Units
2020-05-15−752.587→ 752.587 total→ Common Stock (752.587 underlying) - Disposition to Issuer
Common Stock
2020-05-15$14.27/sh−376.294$5,370→ 11,938.438 total - Exercise/Conversion
Common Stock
2020-05-15+856.53→ 11,990.411 total - Disposition to Issuer
Common Stock
2020-05-15$14.27/sh−428.266$6,111→ 11,562.145 total - Disposition to Issuer
Common Stock
2020-05-15$14.27/sh−1,372.28$19,582→ 13,310.718 total - Exercise/Conversion
Restricted Stock Units
2020-05-15−2,744.56→ 0 total→ Common Stock (2,744.56 underlying) - Exercise/Conversion
Common Stock
2020-05-15+2,744.56→ 14,682.998 total
Footnotes (5)
- [F1]The restricted stock units settled 50% in stock and 50% in cash, which was deemed to occur through an acquisition of 100% of the underlying shares of CIT common stock and a simultaneous disposition to the issuer of 50% of the underlying shares of CIT common stock.
- [F2]Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock.
- [F3]RSUs are scheduled to vest in three equal installments on May 15, 2018, 2019, and 2020 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.
- [F4]RSUs are scheduled to vest in three equal installments on May 15, 2019, 2020, and 2021 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]RSUs are scheduled to vest fully on May 15, 2020 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.
Documents
Issuer
CIT GROUP INC
CIK 0001171825
Entity typeother
Related Parties
1- filerCIK 0001254862
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 5:06 PM ET
- Size
- 19.2 KB