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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
| 1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Option (Right to Buy) | $ 56.54 | 12/10/2009 | J(2) | 112,112 | (1) | 01/17/2014 | Common Stock | 112,112 | (2) | 0 | D | ||||
| Option (Right to Buy) | $ 43.01 | 12/10/2009 | J(2) | 175,000 | 07/19/2006(4) | 07/19/2015 | Common Stock | 175,000 | (2) | 0 | D | ||||
| Option (Right to Buy) | $ 41.89 | 12/10/2009 | J(2) | 125,000 | (5) | 01/18/2015 | Common Stock | 125,000 | (2) | 0 | D | ||||
| Option (Right to Buy) | $ 49.17 | 12/10/2009 | J(2) | 126,125 | 07/18/2008(6) | 07/18/2014 | Common Stock | 126,125 | (2) | 0 | D | ||||
| Option (Right to Buy) | $ 51.43 | 12/10/2009 | J(2) | 84,706 | 01/18/2007(7) | 01/18/2013 | Common Stock | 84,706 | (2) | 0 | D | ||||
| Option (Right to Buy) | $ 27.65 | 12/10/2009 | J(2) | 450,000 | 09/03/2004(5) | 09/03/2013 | Common Stock | 450,000 | (2) | 0 | D | ||||
| Common Stock (deferred) | (9) | 12/10/2009 | J(2) | 228,465.3916 | (10) | (10) | Common Stock | 228,465.3916 | (2) | 0 | I | Deferred Equity Compensation Account | |||
| Restricted Cash Unit | (11) | 12/10/2009 | J(2) | 150,000 | (12) | 01/17/2010 | Common Stock | 150,000 | (2) | 0 | D | ||||
| Option (Right to Buy) | $ 47.28 | 12/10/2009 | J(2) | 96,000 | 07/19/2007(13) | 07/19/2013 | Common Stock | 96,000 | (2) | 0 | D | ||||
| Option (Right to Buy) | $ 39.22 | 12/10/2009 | J(2) | 230,000 | 01/21/2005(14) | 01/21/2014 | Common Stock | 230,000 | (2) | 0 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| PEEK JEFFREY M C/O CIT GROUP INC. 505 FIFTH AVENUE NEW YORK, NY 10017 |
X | Chairman and CEO | ||
| /s/ James P. Shanahan, attorney-in-fact for Mr. Peek | 12/14/2009 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Options vest in three equal installments on the grant date anniversary for three years commencing January 17, 2008. |
| (2) | Pursuant to the Modified Second Amended Prepackaged Plaln of Reorganization of CIT Group Inc. and CIT Group Funding Company of Delaware LLC, which was approved by the United States Bankruptcy Court for the Southern District of New York, the common stock, par value $0.01 per share, of CIT Group Inc. was cancelled without value upon CIT's emergence from bankruptcy on December 10, 2009 |
| (3) | Filer disclaims beneficial ownership. This report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purposes. |
| (4) | Options vest on the anniversary of the grant date in increments of 1/3 each year for a period of 3 years, commencing on July 19, 2006. |
| (5) | Options vest on the anniversary of the grant date in increments of 1/3 each year for a period of 3 years. |
| (6) | Options vest and become exercisable in three equal installments on the first, second and third anniversaries of the grant date. Vested options first become exercisable on 07/18/08. |
| (7) | Options vest in increments of 1/3 on anniversary of grant date for a period of 3 years, commencing January 18, 2007. |
| (8) | Mr. Peek transferred 154, 300 shares of Common Stock from his personal account into this trust. His three children are the beneficiaries of the trust. |
| (9) | Each share of deferred common stock has the economic equivalent of one share of CIT common stock on the transaction date. |
| (10) | Pursuant to a proper election by the reporting person, shares of deferred common stock are issuable upon the earlier of the reporting person's death or termination of employment with CIT. |
| (11) | Each RCU is the economic equivalent of one share of CIT common stock. |
| (12) | Restricted Cash Units vest in 50% increments on each of the first and second anniversaries of the date of grant and are payable in cash based on the closing price of CIT common stock on the vest date. |
| (13) | Options vest in increments of 1/3 on anniversary of grant date for a period of 3 years, commencing July 19, 2007. |
| (14) | Options vest on the anniversary of the grant date in increments of 1/3 each year for a period of 3 years, commencing on January 21, 2005. |