RYAN JOHN R 4

4 · CIT GROUP INC · Filed May 19, 2020

Form 4

Period: 2020-05-15

Director

Transactions

Exercise/Conversion
Common Stock
2020-05-15+815.303→ 12,991.353 total
Exercise/Conversion
Restricted Stock Units
2020-05-15−3,234.66→ 0 total
→ Common Stock (3,234.66 underlying)
Disposition to Issuer
Common Stock
2020-05-15$14.27/sh−463.954$6,621→ 12,176.05 total
Exercise/Conversion
Common Stock
2020-05-15+3,234.66→ 15,818.362 total
Disposition to Issuer
Common Stock
2020-05-15$14.27/sh−1,617.33$23,079→ 14,201.032 total
Exercise/Conversion
Restricted Stock Units
2020-05-15−815.303→ 815.303 total
→ Common Stock (815.303 underlying)
Exercise/Conversion
Common Stock
2020-05-15+927.908→ 12,640.004 total
Disposition to Issuer
Common Stock
2020-05-15$14.27/sh−407.651$5,817→ 12,583.702 total
Exercise/Conversion
Restricted Stock Units
2020-05-15−927.908→ 0 total
→ Common Stock (927.908 underlying)

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.

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