SEC Form 4 · accession 0001127602-15-017590

CIT GROUP INC · CIT

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

Reporting owner

Director

Period of report

May 14, 2015

Accepted (ET)

May 18, 2015 · 2:04 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 14, 2015	M	718	—	A	5,342	D
Common Stock	May 14, 2015	D	359	$46.06	D	4,983	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F2,F3,F4	—	May 14, 2015	M	718	D	—	—	Common Stock	718	718	D
Restricted Stock Units^F2,F3,F4	—	May 15, 2015	M	885	D	—	—	Common Stock	885	0	D
Deferred Share Unit^F2,F7,F5,F8	—	May 15, 2015	M	885	A	—	—	Common Stock	885	2,654	D

F1The 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.
F2Each restricted stock unit ("RSU") had the economic equivalent of one share of CIT common stock.
F3Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock.
F4RSUs 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.
F5Filer elected to defer issuance of stock until he is no longer a member of the Board.
F6Filer elected to receive 100% stock upon settlement.
F7Each Deferred Share Unit is the economic equivalent of one share of CIT common stock.
F8Deferred share units ("DSU") will expire and settle in shares of common stock upon filer's departure from the Board.