FREEMAN WILLIAM M 4

4 · CIT GROUP INC · Filed May 19, 2020

Form 4

Period: 2020-05-15

Director

Transactions

Exercise/Conversion
Restricted Stock Units
2020-05-15−856.53→ 0 total
→ Common Stock (856.53 underlying)
Exercise/Conversion
Common Stock
2020-05-15+752.587→ 12,314.732 total
Exercise/Conversion
Restricted Stock Units
2020-05-15−752.587→ 752.587 total
→ Common Stock (752.587 underlying)
Disposition to Issuer
Common Stock
2020-05-15$14.27/sh−376.294$5,370→ 11,938.438 total
Exercise/Conversion
Common Stock
2020-05-15+856.53→ 11,990.411 total
Disposition to Issuer
Common Stock
2020-05-15$14.27/sh−428.266$6,111→ 11,562.145 total
Disposition to Issuer
Common Stock
2020-05-15$14.27/sh−1,372.28$19,582→ 13,310.718 total
Exercise/Conversion
Restricted Stock Units
2020-05-15−2,744.56→ 0 total
→ Common Stock (2,744.56 underlying)
Exercise/Conversion
Common Stock
2020-05-15+2,744.56→ 14,682.998 total

Footnotes (5)

[F1]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.
[F2]Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock.
[F3]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.
[F4]RSUs are scheduled to vest in three equal installments on May 15, 2019, 2020, and 2021 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.
[F5]RSUs are scheduled to vest fully on May 15, 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.

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