SEC Form 4 · accession 0001127602-18-017453

CIT GROUP INC · CIT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chair & CEO · Director

Period of report

Mar 27, 2018

Accepted (ET)

May 15, 2018 · 7:46 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 Stock^F1	Mar 27, 2018	Z	54,100	—	D	114,341	D
Common Stock^F1	Mar 27, 2018	Z	54,100	—	A	54,100	I	Alemany GRAT 2018 u/a/d March 27, 2018
Common Stock^F2	Mar 27, 2018	Z	8,800	—	D	14,644	I	Alemany 2016 GRAT #7
Common Stock^F2	Mar 27, 2018	Z	8,800	—	A	123,141	D
Common Stock^F5	May 12, 2018	M	756	—	A	123,898	D
Common Stock^F7	May 12, 2018	F	371	$53.66	D	123,527	D
Common Stock	holding	—	—		—	23,011	I	Alemany 2016 GRAT u/a/d May 11, 2016

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F3,F5	—	May 12, 2018	M	756	D	—	—	Common Stock	756	0	D

F1Shares of CIT common stock were transferred from Ellen R. Alemany to the Alemany GRAT 2018.
F2Shares of CIT common stock were transferred from the Alemany 2016 GRAT #7 to Ellen R. Alemany's personal account.
F3RSUs 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.
F4Filer elected to receive 100% stock upon settlement.
F5Each restricted stock unit ("RSU") had the economic equivalent of one share of CIT common stock.
F6Shares withheld to satisfy tax withholding obligations arising from settlement of restricted stock units.
F7The restricted stock units vested on a Saturday, therefore, the closing price of CIT common stock on the immediately preceding Friday was used for the settlement.