SEC Form 4 · accession 0001127602-18-008079
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
Feb 13, 2018
Accepted (ET)
Feb 23, 2018 · 4:56 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 StockF1 | Feb 13, 2018 | Z | 13,300 | — | D | 23,011 | I | Alemany 2016 GRAT u/a/d May 11, 2016 |
| Common StockF1 | Feb 13, 2018 | Z | 13,300 | — | A | 136,372 | D | |
| Common StockF3 | Feb 21, 2018 | A | 44,055 | — | A | 180,427 | D | |
| Common StockF3 | Feb 21, 2018 | A | 18,549 | — | A | 198,976 | D | |
| Common Stock | holding | — | — | — | 23,444 | I | Alemany 2016 GRAT #7 |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares of CIT common stock were transferred from the Alemany 2016 GRAT #3 to Ellen R. Alemany's personal account.
- F2Performance Based Restricted Stock Units ("PBRSU") are scheduled to settle 100% in stock and will vest one-third per year on March 1, 2019, 2020, and 2021, subject to a performance based vesting hurdle (minimum Common Equity Tier 1 for well-capitalized Banks as established by the Federal Reserve Board).
- F3Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock.
- F4Restricted Stock Units ("RSUs") will settle in stock and vest 100% on March 1, 2021.