FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

MOFFETT DAVID M
2. Issuer Name and Ticker or Trading Symbol

CIT GROUP INC [ CIT ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

C/O CIT GROUP INC.., 1 CIT DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)

5/14/2015
(Street)

LIVINGSTON, NJ 07039
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units     (1) 5/14/2015     M   (2) (3)       717      (4)   (4) Common Stock   717     (5) 718.243   D    
Deferred Share Unit     (6) 5/14/2015     M   (2) (3)    717         (2)   (7) Common Stock   717     (5) 6153.8288   D    
Restricted Stock Units     (1) 5/15/2015     M   (2) (3)       884.632      (4)   (4) Common Stock   884.632     (5) 0   D    
Deferred Share Unit     (6) 5/15/2015     M   (2) (3)    884.632         (2)   (7) Common Stock   884.632     (5) 7038.4608   D    

Explanation of Responses:
( 1)  Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock.
( 2)  Filer elected to defer issuance of stock until he is no longer a member of the Board.
( 3)  Filer elected to receive 100% stock upon settlement.
( 4)  RSUs are scheduled to vest in three equal installments on the first, second and third anniversaries of the date of grant 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.
( 5)  Each restricted stock unit ("RSU") had the economic equivalent of one share of CIT common stock.
( 6)  Each Deferred Share Unit is the economic equivalent of one share of CIT common stock.
( 7)  Deferred share units ("DSU") will expire and settle in shares of common stock upon filer's departure from the Board.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
MOFFETT DAVID M
C/O CIT GROUP INC..
1 CIT DRIVE
LIVINGSTON, NJ 07039
X



Signatures
/s/ James P. Shanahan, attorney-in-fact for Mr. Moffett 5/18/2015
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.
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