| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CIT | Common Stock | Award | +49.5K | 49.5K | Jan 3, 2022 | Direct | F1, F2 | |||
| transaction | CIT | Common Stock | Disposed to Issuer | -49.5K | -100% | 0 | Jan 3, 2022 | Direct | F1, F2 | ||
| transaction | CIT | Common Stock | Disposed to Issuer | -122K | -100% | 0 | Jan 3, 2022 | Schwab March 2020 GRAT #1 (CIT) u/a/d 3/31/2020 | F3 | ||
| transaction | CIT | Common Stock | Disposed to Issuer | -31.1K | -100% | 0 | Jan 3, 2022 | Schwab June 2020 GRAT #1 (CIT) u/a/d 6/18/2020 | F3 | ||
| transaction | CIT | Common Stock | Disposed to Issuer | -12.7K | -100% | 0 | Jan 3, 2022 | Schwab July 2020 GRAT #1 u/a/d 7/29/2020 | F3 | ||
| transaction | CIT | Common Stock | Disposed to Issuer | -50.7K | -100% | 0 | Jan 3, 2022 | Schwab September 2020 GRAT #2 (CIT) u/a/d 9/25/2020 | F3 | ||
| transaction | CIT | Common Stock | Disposed to Issuer | -49K | -100% | 0 | Jan 3, 2022 | Schwab March 2021 GRAT | F3 | ||
| transaction | CIT | Common Stock | Disposed to Issuer | -38K | -12.16% | 274K | Jan 3, 2022 | Direct | F3, F4 | ||
| transaction | CIT | Common Stock | Disposed to Issuer | -274K | -100% | 0 | Jan 3, 2022 | Direct | F5 | ||
| transaction | CIT | Series B Preferred | Disposed to Issuer | -30K | -100% | 0 | Jan 3, 2022 | Direct | F6 |
Ellen R. Alemany is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | For Ms. Alemany, pursuant to the Merger Agreement, the unvested performance-based restricted stock units in respect of shares of CIT Common Stock (the "CIT PBRSUs") were converted into 3,068 restricted stock units in respect of shares of BancShares Class A Common Stock, equal to the number of shares subject to the CIT PBRSUs determined based on target level performance as of immediately prior to the effective time multiplied by the Exchange Ratio, with the result rounded up to the nearest whole share. |
| F2 | Each CIT PBRSU had the economic equivalent of one share of CIT Common Stock. |
| F3 | Pursuant to the Agreement and Plan of Merger, dated October 15, 2020, by and among CIT Group Inc. ("CIT"), First Citizens BancShares, Inc. ("BancShares"), First-Citizens Bank & Trust Company, and FC Merger Subsidiary IX, Inc. (as amended from time to time, the "Merger Agreement"), a transaction exempt under Rule 16b-3, each issued and outstanding share of common stock, par value $0.01 per share, of CIT ("CIT Common Stock") was converted into 0.06200 (the "Exchange Ratio") shares of Class A common stock, par value $1.00 per share, of BancShares (the "BancShares Class A Common Stock"). On December 31, 2021 (the business day prior to the merger), the closing price of one share of CIT Common Stock was $51.34. |
| F4 | Each CIT RSU had the economic equivalent of one share of CIT Common Stock. |
| F5 | For Ms. Alemany, pursuant to the Merger Agreement, a transaction exempt under Rule 16b-3, the unvested restricted stock units in respect of shares of CIT Common Stock (the "CIT RSUs") (not subject to deferral) automatically vested upon the effective time and were converted into 17,012 shares of BancShares Class A Common Stock multiplied by the Exchange Ratio less fractional shares paid in cash. |
| F6 | For Ms. Alemany, pursuant to the Merger Agreement, each issued and outstanding share of 5.625% Non-Cumulative Perpetual Preferred Stock, Series B, par value $0.01 per share, of CIT ("CIT Series B Preferred Stock") was converted into a newly created series of preferred stock of BancShares ("BancShares Series C Preferred Stock"). |