SEC Form 4 · accession 0001127602-16-042723
CIT GROUP INC · CIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bryan David Allen
Officer — EVP, Chief HR Officer
Period of report
Feb 18, 2016
Accepted (ET)
Feb 22, 2016 · 5:22 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 StockF2 | Feb 18, 2016 | A | 999 | — | A | 28,904 | D |
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, 2017, 2018 and 2019, subject to positive pre-tax income (excluding debt redemption charges and OID acceleration) for the most recently completed fiscal year preceding each vesting date.
- F2Each performance based restricted stock unit ("PBRSU") has the economic equivalent of one share of CIT common stock.