Item 8.01 Other Events.
On March 4, 2009, the Board of Directors of GATX Corporation (the "Company")
amended the Company's previously disclosed program to repurchase up to
$200 million of common stock to permit such repurchases to be made in compliance
with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, or on a
discretionary basis, in each case in accordance with applicable law.
Approximately $76.5 million of common stock was repurchased under this program
in the first quarter of 2008, leaving approximately $123.5 remaining under this
share repurchase program. The Company intends to make purchases of its common
stock under this program from time to time in open market or privately
negotiated transactions. The timing and actual number of shares purchased will
depend on a variety of factors such as price, corporate and regulatory
requirements and other prevailing market conditions. This repurchase program, as
well as any purchases thereunder, may be limited or terminated at any time
without prior notice.