SEC Form 4 · accession 0001127602-17-018364
CIT GROUP INC · CIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ellen R Alemany
Officer — Chair & CEO · Director
Period of report
Mar 17, 2017
Accepted (ET)
May 16, 2017 · 4:29 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 Stock | Mar 17, 2017 | Z | 23,444 | $41.975 | D | 121,482 | D | |
| Common Stock | Mar 17, 2017 | Z | 23,444 | $41.975 | A | 23,444 | I | Alemany 2016 GRAT #7 |
| Common StockF4 | May 12, 2017 | M | 756 | — | A | 122,239 | D | |
| Common StockF4 | May 13, 2017 | M | 833 | — | A | 123,072 | D | |
| Common Stock | holding | — | — | — | 36,311 | I | Alemany 2016 GRAT u/a/d May 11, 2016 |
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,F4 | — | May 12, 2017 | M | 756 | D | — | — | Common Stock | 756 | 756 | D |
| Restricted Stock UnitsF4,F5,F2 | — | May 13, 2017 | M | 833 | D | — | — | Common Stock | 833 | 0 | D |
Explanation of responses
- F1Shares of CIT common stock were transferred from Ellen R. Alemany to the Alemany 2016 GRAT #7.
- F2RSUs are scheduled to vest in three equal installments on the first, second and third anniversaries of the date of grant 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.
- F3Filer elected to receive 100% stock upon settlement.
- F4Each restricted stock unit ("RSU") had the economic equivalent of one share of CIT common stock.
- F5Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock.