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CREDIT ACCEPTANCE CORP — Director's Dealing 2010
Feb 17, 2010
31014_dirs_2010-02-17_a85507eb-f155-447b-96b0-d5aeeddc22bd.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2010-02-12
Reporting Person: JONES STEVEN M (President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-02-12 | Common Stock | A | 30000 | $0.00 | Acquired | 68336 | Direct |
| 2010-02-12 | Common Stock | A | 7139 | $0.00 | Acquired | 75475 | Direct |
| 2010-02-12 | Common Stock | F | 2240 | $39.89 | Disposed | 73235 | Direct |
Footnotes
F1: Represents the vesting of performance-based restricted stock units granted under the Company's Incentive Compensation Plan. Each restricted stock unit represents and has a value equal to one share of common stock of Credit Acceptance Corporation. Shares will be distributed to Mr. Jones on February 22, 2016.
F2: Includes 30,000 restricted stock units that have vested under the Company's Incentive Compensation Plan. Also includes 29,292 shares of unvested time-based restricted stock under the Company's Incentive Compensation Plan.
F3: Transaction represents the vesting of performance-based restricted stock to the reporting person under the Company's Incentive Compensation Plan. The shares vested in full based on the Company's satisfaction of certain performance-related criteria.