SEC Form 4 · accession 0001127602-17-015804
CIT GROUP INC · CIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dorene Dominguez
Director
Period of report
Apr 26, 2017
Accepted (ET)
Apr 28, 2017 · 7:52 am 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 | Apr 26, 2017 | A | 2,205 | — | A | 2,305 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Apr 26, 2017 | A | 524 | A | — | — | Common Stock | 524 | 524 | D |
Explanation of responses
- F1RSUs are scheduled to settle 100% in stock in three equal installments on April 26, 2018, 2019, and 2020.
- 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 April 26, 2018, 2019, and 2020 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.