TRAN KHANH T 4
4 · CIT GROUP INC · Filed May 19, 2020
Insider Transaction Report
Form 4
TRAN KHANH T
Director
Transactions
- Exercise/Conversion
Common Stock
2020-05-15+2,254.46→ 10,312.324 total - Exercise/Conversion
Common Stock
2020-05-15+595.798→ 8,057.864 total - Disposition to Issuer
Common Stock
2020-05-15$14.27/sh−1,127.23$16,086→ 9,185.094 total - Exercise/Conversion
Restricted Stock Units
2020-05-15−595.798→ 595.799 total→ Common Stock (595.798 underlying) - Exercise/Conversion
Restricted Stock Units
2020-05-15−2,254.46→ 0 total→ Common Stock (2,254.46 underlying)
Footnotes (5)
- [F1]Filer elected to receive 100% stock upon settlement.
- [F2]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.
- [F3]Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock.
- [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.