SEC Form 4 · accession 0001127602-15-003271
CIT GROUP INC · CIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John A Thain
Officer — Chairman & CEO · Director
Period of report
Jan 28, 2015
Accepted (ET)
Jan 29, 2015 · 4:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001171825
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 28, 2015 | A | 88,554 | $0.00 | A | 452,695 | D | |
| Common Stock | holding | — | — | — | 78,871 | I | John A. Thain 2012 Grantor Retained Annuity Trust u/a/d 6-15-2012 (GRAT Trust) |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Performance Based Restricted Stock Units ("PBRSU") are scheduled to settle 100% in stock and vest one-third per year on Feburary 1, 2016, 2017 and 2018, subject to positive pre-tax income (excluding debt redemption charges and OID acceleration) for the most recently completed fiscal year preceding each vesting date.