4//SEC Filing
UNGER LAURA S 4
Accession 0001127602-20-017237
CIK 0001171825other
Filed
May 18, 8:00 PM ET
Accepted
May 19, 5:12 PM ET
Size
19.7 KB
Accession
0001127602-20-017237
Insider Transaction Report
Form 4
UNGER LAURA S
Director
Transactions
- Exercise/Conversion
Common Stock
2020-05-15+749.463→ 11,398.702 total - Exercise/Conversion
Common Stock
2020-05-15+658.514→ 11,682.483 total - Disposition to Issuer
Common Stock
2020-05-15$14.27/sh−329.257$4,698→ 11,353.226 total - Exercise/Conversion
Restricted Stock Units
2020-05-15−2,450.5→ 0 total→ Common Stock (2,450.5 underlying) - Disposition to Issuer
Common Stock
2020-05-15$14.27/sh−374.733$5,347→ 11,023.969 total - Exercise/Conversion
Restricted Stock Units
2020-05-15−749.463→ 0 total→ Common Stock (749.463 underlying) - Exercise/Conversion
Restricted Stock Units
2020-05-15−658.514→ 658.514 total→ Common Stock (658.514 underlying) - Exercise/Conversion
Deferred Share Unit
2020-05-15+2,450.5→ 16,639.419 total→ Common Stock (2,450.5 underlying)
Holdings
- 10,000(indirect: By Spouse)
Common Stock
Footnotes (9)
- [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.
- [F6]Filer elected to defer issuance of stock until no longer a member of the Board.
- [F7]Filer elected to receive 100% stock upon settlement.
- [F8]Each Deferred Share Unit is the economic equivalent of one share of CIT common stock.
- [F9]Deferred share units ("DSU") will expire and settle in shares of common stock upon filer's departure from the Board.
Documents
Issuer
CIT GROUP INC
CIK 0001171825
Entity typeother
Related Parties
1- filerCIK 0001175992
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 5:12 PM ET
- Size
- 19.7 KB