SEC Form 4 · accession 0001127602-16-067593
CIT GROUP INC · CIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
R. Brad Oates
Director
Period of report
Nov 16, 2016
Accepted (ET)
Nov 17, 2016 · 4:41 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 Stock | Nov 16, 2016 | M | 7,506 | $27.50 | A | 16,885 | D | |
| Common Stock | Nov 16, 2016 | F | 1,396 | $40.34 | D | 9,379 | D | |
| Common Stock | Nov 16, 2016 | F | 3,723 | $40.33 | D | 13,162 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (Right to Buy)F2 | $27.50 | Nov 16, 2016 | M | 7,506 | D | — | Dec 18, 2016 | Common Stock | 7,506 | 0 | D |
Explanation of responses
- F1Shares withheld to cover option cost.
- F2Options vest and become exercisable in three equal installments on each of the 1st, 2nd, and 3rd anniversaries of the grant date, commencing December 18, 2010.