0001127602-18-017807.txt : 20180517 0001127602-18-017807.hdr.sgml : 20180517 20180517095022 ACCESSION NUMBER: 0001127602-18-017807 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20180515 FILED AS OF DATE: 20180517 DATE AS OF CHANGE: 20180517 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: FREEMAN WILLIAM M CENTRAL INDEX KEY: 0001254862 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31369 FILM NUMBER: 18841924 MAIL ADDRESS: STREET 1: C/O CIT GROUP INC. STREET 2: 1 CIT DRIVE, #3251-9 CITY: LIVINGSTON STATE: NJ ZIP: 07039 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CIT GROUP INC CENTRAL INDEX KEY: 0001171825 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 651051192 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1 CIT DRIVE CITY: LIVINGSTON STATE: NJ ZIP: 07039 BUSINESS PHONE: 9737405000 MAIL ADDRESS: STREET 1: 1 CIT DRIVE CITY: LIVINGSTON STATE: NJ ZIP: 07039 FORMER COMPANY: FORMER CONFORMED NAME: CIT GROUP INC DEL DATE OF NAME CHANGE: 20020422 4 1 form4.xml PRIMARY DOCUMENT X0306 4 2018-05-15 0001171825 CIT GROUP INC CIT 0001254862 FREEMAN WILLIAM M C/O CIT GROUP INC. 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039 1 Common Stock 2018-05-15 4 M 0 1199.4 A 9901.0548 D Common Stock 2018-05-15 4 D 0 599.7 53.73 D 9301.3548 D Common Stock 2018-05-15 4 M 0 856.532 A 10157.8868 D Common Stock 2018-05-15 4 D 0 428.266 53.73 D 9729.6208 D Restricted Stock Units 2018-05-15 4 M 0 1199.4 D Common Stock 1199.4 1199.401 D Restricted Stock Units 2018-05-15 4 M 0 856.532 D Common Stock 856.532 1713.062 D The restricted stock units settled 50% in stock and 50% in cash, which was deemed to occur through an acquisition of 100% of the underlying shares of CIT common stock and a simultaneous disposition to the issuer of 50% of the underlying shares of CIT common stock. Each restricted stock unit ("RSU") had the economic equivalent of one share of CIT common stock. Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock. RSUs are scheduled to vest in three equal installments on May 15, 2017, 2018, and 2019 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. RSUs are scheduled to vest in three equal installments on May 15, 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. James P. Shanahan, Attorney-in-Fact for Mr. Freeman 2018-05-17