SEC Form 4 · accession 0001127602-16-046792
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
Mar 15, 2016
Accepted (ET)
Mar 17, 2016 · 4:22 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 StockF2 | Mar 15, 2016 | A | 43,713 | — | A | 530,562 | D | |
| Common Stock | Mar 15, 2016 | F | 22,609 | $32.52 | D | 507,953 | D | |
| Common StockF2 | Mar 15, 2016 | A | 18,499 | — | A | 526,452 | D | |
| Common Stock | Mar 15, 2016 | F | 9,568 | $32.52 | D | 516,884 | D | |
| Common Stock | holding | — | — | — | 57,135 | 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
- F1Shares acquired upon final certification of performance share units awarded for the 2013-2015 performance period.
- F2Each performance share unit ("PSU") had the economic equivalent of one share of CIT common stock.
- F3Shares withheld to satisfy tax withholding obligations arising from settlement of performance share units.
- F4Shares acquired upon certification of first installment of performance share units awarded for the 2015-2017 performance period.