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CREDIT ACCEPTANCE CORP — Director's Dealing 2021
Sep 3, 2021
31014_dirs_2021-09-03_b311bf99-1118-4ca0-9967-f41720de74c4.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: 2021-09-02
Reporting Person: Martin Jay D (SVP - Finance & Accounting)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-09-02 | Common Stock | S | 231 | $653.44 | Disposed | 7669 | Direct |
| 2021-09-02 | Common Stock | S | 1769 | $654.92 | Disposed | 5900 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (right to buy) | $333.94 | 2026-12-30 | Common Stock (19500.0) | 19500 | Direct |
| Employee Stock Option (right to buy) | $390.39 | 2027-04-28 | Common Stock (2250.0) | 2250 | 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 $653.06 to $653.82, 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 3,400 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 $654.27 to $655.13, 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 option, representing a right to purchase 19,500 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.
F5: The option, representing a right to purchase 2,250 shares, is exercisable in four equal annual installments beginning on April 28, 2022, which is the first anniversary of the date on which the option was granted.