CREDIT ACCEPTANCE CORP — Director's Dealing 2021

Nov 12, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2021-11-10

Reporting Person: SMITH ARTHUR L (Chief Analytics Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-10	Common Stock	S	258	$647.42	Disposed	11512	Direct
2021-11-10	Common Stock	S	53	$649.75	Disposed	11459	Direct
2021-11-10	Common Stock	S	900	$651.40	Disposed	10559	Direct
2021-11-10	Common Stock	S	489	$653.27	Disposed	10070	Direct
2021-11-10	Common Stock	S	100	$656.21	Disposed	9970	Direct
2021-11-10	Common Stock	S	11	$657.33	Disposed	9959	Direct
2021-11-10	Common Stock	S	59	$659.01	Disposed	9900	Direct
2021-11-10	Common Stock	S	400	$660.06	Disposed	9500	Direct
2021-11-10	Common Stock	S	100	$660.47	Disposed	9400	Direct
2021-11-10	Common Stock	S	100	$661.92	Disposed	9300	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$333.94	2026-12-30	Common Stock (50000.0)	50000	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $647.23 to $648.19, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes to this Form 4.

F2: Includes 7,300 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $649.21 to $649.76, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes to this Form 4.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $650.99 to $651.48, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes to this Form 4.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $653.17 to $653.43, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes to this Form 4.

F6: The option, representing a right to purchase 50,000 shares, is exercisable in four equal annual installments beginning on December 30, 2021, which is the first anniversary of the date on which the option was granted.