0001127602-18-024779.txt : 20180807
0001127602-18-024779.hdr.sgml : 20180807
20180807094637
ACCESSION NUMBER: 0001127602-18-024779
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180803
FILED AS OF DATE: 20180807
DATE AS OF CHANGE: 20180807
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Frank Alan L
CENTRAL INDEX KEY: 0001649471
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-31369
FILM NUMBER: 18996532
MAIL ADDRESS:
STREET 1: C/O CIT GROUP, 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
2018-08-03
0001171825
CIT GROUP INC
CIT
0001649471
Frank Alan L
C/O CIT GROUP INC.
1 CIT DRIVE, #3251-9
LIVINGSTON
NJ
07039
1
Common Stock
2018-08-03
4
M
0
504.46
A
10439.545
D
Common Stock
2018-08-03
4
D
0
252.23
53.44
D
10187.315
D
Common Stock
9097
I
Held by Frank Living Trust dated 10/28/1993, as amended
Restricted Stock Units
2018-08-03
4
M
0
504.46
D
Common Stock
504.46
0.002
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") has the economic equivalent of one share of CIT common stock.
Pursuant to Rule 16a-1(a)(2)(ii)(B) under the Securities Exchange Act of 1934, as amended (the "Act"), the Reporting Person may be deemed to be the beneficial owner of the securities reported herein only to the extent of his pecuniary interest therein. Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities reported herein in excess of such amount.
RSUs 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.
/s/ James P. Shanahan, attorney-in-fact for Mr. Frank
2018-08-07