FACTBOX: Citi's plan to exit TARP

NEW YORK (Reuters) - Citigroup plans a complicated, multi-stage transaction to remove itself from the Troubled Asset Relief Program.

Below is the bank's plan to exit TARP.

Citi plans to issue these securities:

- $17 billion of common stock to be sold immediately

- $3.5 billion of mandatory convertible securities to be sold immediately. The securities will turn into stock in three years.

- $1.7 billion of common stock equivalents granted to employees in January 2010. The instruments will turn into common stock pending shareholder approval at the company's annual meeting on April 1.

- The bank may also issue up to $3 billion of trust preferred securities in the first quarter.

The government plans to:

- Sell up to $5 billion of the roughly $30 billion of Citigroup shares it owns, alongside the bank's $17 billion issuance

- Sell its remaining shares over the next six to 12 months

- Cancel the guarantee against excessive losses it has on a $250 billion portfolio of Citigroup assets.

- Allow the bank to cancel about $1.8 billion of the $7.1 billion of trust preferred securities that Citigroup issued to the United States as a fee for the guarantee.

(Reporting by Dan Wilchins)