Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2012

Weighted Average Estimated Fair Value

The weighted average estimated fair value of GATX’s 2012 SAR awards and underlying assumptions thereof are noted in the table below. The vesting period for the 2012 SAR grant is 3 years, with 1/3 vesting after each year.

	2012
Weighted average estimated fair value	$	18.48
Quarterly dividend rate	$	0.29
Expected term of SAR, in years		4.7
Risk free interest rate		1.0	%
Dividend yield		2.7	%
Expected stock price volatility		43.3	%
Present value of dividends	$	5.37