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