SEC Form 4 · accession 0001127602-15-017294

CIT GROUP INC · CIT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

May 12, 2015

Accepted (ET)

May 14, 2015 · 4:49 pm EDT

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^F2	May 13, 2015	M	833	—	A	4,571	D
Common Stock^F2	May 13, 2015	M	714	—	A	5,285	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F3,F2	—	May 12, 2015	A	648	A	—	—	Common Stock	648	648	D
Restricted Stock Units^F5,F1	—	May 12, 2015	A	2,269	A	—	—	Common Stock	2,269	2,269	D
Restricted Stock Units^F2,F6,F5	—	May 13, 2015	M	833	D	—	—	Common Stock	833	1,666	D
Restricted Stock Units^F2,F3	—	May 13, 2015	M	714	D	—	—	Common Stock	714	0	D

F1Filer elected to receive 100% stock upon settlement.
F2Each restricted stock unit ("RSU") had the economic equivalent of one share of CIT common stock.
F3Restricted stock units are scheduled to vest 100% on the first anniversary of the date of grant and shall settle 100% in shares of CIT common stock.
F4Filer elected to receive RSUs in lieu of cash compensation.
F5RSUs are scheduled to vest in three equal installments on the first, second and third anniversaries of the date of grant 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.
F6Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock.