SEC Form 4 · accession 0001127602-15-024245

CIT GROUP INC · CIT

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

Reporting owner

Officer — Co-President

Period of report

Aug 3, 2015

Accepted (ET)

Aug 5, 2015 · 3:58 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
Common Stock^F2	Aug 3, 2015	A	106,202	—	A	106,202	D
Common Stock^F2	Aug 3, 2015	A	159,303	—	A	265,506	D
Common Stock^F5,F6	Aug 3, 2015	A	193,087	$44.33	A	458,593	D

No Table II lines on this filing.

F1RSUs are scheduled to vest 100% on the third anniversary of the date of grant and shall settle 100% in shares of CIT Common Stock.
F2Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock.
F3RSUs are scheduled to vest in three equal installments on December 31, 2015, 2016 and 2017, and are payable in shares on the first, second and third anniversaries of the date of grant.
F4Effective as of August 3, 2015, pursuant to the Agreement and Plan of Merger, dated July 21, 2014, by and among CIT Group Inc. ("CIT"), IMB Holdco LLC ("IMB"), Carbon Merger Sub LLC, a wholly wholly-owned subsidiary of CIT ("Merger Sub") and JCF III HoldCo I L.P., in its capacity as the holders' representative (the "Merger Agreement"), as amended by Amendment No. 1, dated July 21, 2015, IMB merged with and into Merger Sub with Merger Sub surviving as a wholly-owned subsidiary of CIT (the "Merger"). Pursuant to the terms of the Merger Agreement, as amended by the Amendment, CIT paid merger consideration consisting of cash and CIT common stock to holders of IMB common interests.
F5Represents CIT common stock acquired in the Merger.
F6Based on the fixed CIT stock price of $44.33 specified in the Merger Agreement.