0001127602-16-059221.txt : 20160802 0001127602-16-059221.hdr.sgml : 20160802 20160802160807 ACCESSION NUMBER: 0001127602-16-059221 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160729 FILED AS OF DATE: 20160802 DATE AS OF CHANGE: 20160802 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CIT GROUP INC CENTRAL INDEX KEY: 0001171825 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE LESSORS [6172] 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 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: RYAN JOHN R CENTRAL INDEX KEY: 0001243319 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31369 FILM NUMBER: 161800528 4 1 form4.xml PRIMARY DOCUMENT X0306 4 2016-07-29 0001171825 CIT GROUP INC CIT 0001243319 RYAN JOHN R C/O CIT GROUP INC. 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039 1 Common Stock 2016-07-29 4 M 0 73.212 A 6737.414 D Common Stock 2016-07-29 4 D 0 36.606 34.56 D 6700.808 D Restricted Stock Units 2016-07-29 4 M 0 73.212 D Common Stock 73.212 146.424 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 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. James P. Shanahan, Attorney-in-Fact for Mr. Ryan 2016-08-02