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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) (2) | $ 2.91 | 12/10/2009 | J(1) | 15,000 | 10/16/2009 | 10/16/2015 | Common Stock | 15,000 | $ 0 | 0 | D | ||||
| Option (Right to Buy) | $ 3.19 | 12/10/2009 | J(1) | 51,887 | (3) | 05/12/2016 | Common Stock | 51,887 | $ 0 | 0 | D | ||||
| Option (Right to Buy) (4) | $ 3.19 | 12/10/2009 | J(1) | 14,151 | 05/12/2010 | 05/12/2016 | Common Stock | 14,151 | $ 0 | 0 | D | ||||
| Option (Right to Buy) | $ 13.13 | 12/10/2009 | J(1) | 13,750 | (3) | 05/06/2015 | Common Stock | 13,750 | $ 0 | 0 | D | ||||
| Option (Right to Buy) (2) | $ 13.13 | 12/10/2009 | J(1) | 3,750 | 05/06/2009(5) | 05/06/2015 | Common Stock | 3,750 | $ 0 | 0 | D | ||||
| Option (Right to Buy) | $ 60.22 | 12/10/2009 | J(1) | 2,250 | (6) | 05/08/2014 | Common Stock | 2,250 | $ 0 | 0 | D | ||||
| Option (Right to Buy) | $ 54.51 | 12/10/2009 | J(1) | 2,500 | (7) | 05/09/2013 | Common Stock | 2,500 | $ 0 | 0 | D | ||||
| Option (Right to Buy) | $ 21.05 | 12/10/2009 | J(1) | 12,472 | 01/21/2004(8) | 01/21/2013 | Common Stock | 12,472 | $ 0 | 0 | D | ||||
| Option (Right to Buy) | $ 22.75 | 12/10/2009 | J(1) | 4,375 | 05/28/2004(9) | 05/28/2013 | Common Stock | 4,375 | $ 0 | 0 | D | ||||
| Option (Right to Buy) | $ 34.43 | 12/10/2009 | J(1) | 4,091 | 05/12/2005(10) | 05/12/2014 | Common Stock | 4,091 | $ 0 | 0 | D | ||||
| Option (Right to Buy) | $ 40.07 | 12/10/2009 | J(1) | 3,462 | 05/11/2006(11) | 05/11/2015 | Common Stock | 3,462 | $ 0 | 0 | D | ||||
| Option (Right to Buy) | $ 43.01 | 12/10/2009 | J(1) | 643 | 07/19/2006(12) | 07/19/2015 | Common Stock | 643 | $ 0 | 0 | D | ||||
| Option (Right to Buy) | $ 45.36 | 12/10/2009 | J(1) | 600 | 10/18/2006(12) | 10/18/2015 | Common Stock | 600 | $ 0 | 0 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| VANDEUSEN LOIS M C/O CIT GROUP INC. 1 CIT DRIVE, #3251-9 LIVINGSTON, NJ 07039 |
X | |||
| /s/ James P. Shanahan, attorney-in-fact for Ms. Van Deusen | 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) | 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 |
| (2) | Filer elected to receive options in lieu of cash compensation. |
| (3) | Options vest and become exercisable in three equal installments on each of the 1st, 2nd, and 3rd anniversaries of the grant date. |
| (4) | Filer elected to receive options in lieu of cash compensation. |
| (5) | Options shall fully vest on 5/6/2009, the 1st anniversary of grant date. |
| (6) | Options vest in three equal installments on the first, second, and third anniversaries of the grant date and shall be fully vested on May 8, 2010. |
| (7) | Options vest in increments of 1/3 for a period of 3 years, commencing May 9, 2007. |
| (8) | 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, 2004. |
| (9) | Options vest on the anniversary of the grant date in increments of 1/3 each year for a period of 3 years, commencing on May 28, 2004. |
| (10) | Options vest on the anniversary of the grant date in increments of 1/3 each year for a period of 3 years, commencing on May 12, 2005. |
| (11) | Options vest on the anniversary of the grant date in increments of 1/3 each year for a period of 3 years, commencing on May 11, 2006. |
| (12) | Options fully vest immeidately with a 1 year hold restriction. |