CREDIT ACCEPTANCE CORP — Director's Dealing 2021

Jul 15, 2021

SEC Form 4/A — Form 4/A

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2021-07-09

Reporting Person: Watson Jill Foss (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-09	Common Stock	S	347	$443.36	Disposed	146580	Indirect
2021-07-09	Common Stock	S	266	$444.48	Disposed	146314	Indirect
2021-07-09	Common Stock	S	2010	$445.75	Disposed	144303	Indirect
2021-07-09	Common Stock	S	921	$446.60	Disposed	143383	Indirect
2021-07-09	Common Stock	S	56	$447.94	Disposed	143327	Indirect
2021-07-09	Common Stock	S	520	$443.36	Disposed	352622	Indirect
2021-07-09	Common Stock	S	400	$444.48	Disposed	352222	Indirect
2021-07-09	Common Stock	S	3016	$445.75	Disposed	349207	Indirect
2021-07-09	Common Stock	S	1381	$446.60	Disposed	347825	Indirect
2021-07-09	Common Stock	S	83	$447.94	Disposed	347742	Indirect
2021-07-09	Common Stock	S	262	$443.75	Disposed	68584	Indirect
2021-07-09	Common Stock	S	439	$445.51	Disposed	68145	Indirect
2021-07-09	Common Stock	S	930	$446.47	Disposed	67215	Indirect
2021-07-09	Common Stock	S	169	$447.49	Disposed	67046	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Call Options (Obligation to Sell)	$500	2022-02-15	Common Stock (39000)	390	Indirect
Call Options (Obligation to Sell)	$500	2022-02-09	Common Stock (13000)	130	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $443.05 to $443.67, 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 preceding sentence.

F2: The original Form 4, filed on July 13, 2021, is being amended by this Form 4 amendment to correct an administrative error, which over-reported the number of shares beneficially owned following the reported transaction by 50,000 shares. As a result of the correction, the number of shares beneficially owned by the reporting person following the transaction reflects a reduction in the number of shares reported as beneficially owned by the reporting person by 50,000 shares.

F3: These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson Living Trust.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $444.06 to $445.00, 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 preceding sentence.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $445.28 to $446.26, 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 preceding sentence.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $446.31 to $447.23, 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 preceding sentence.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $447.88 to $448.01, 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 preceding sentence.

F8: The original Form 4, filed on July 13, 2021, is being amended by this Form 4 amendment to correct an administrative error, which misreported sales by the Jill Foss Watson 2014 Children's Trust FBO Duncan Todd Watson and Jill Foss Watson 2014 Children's Trust FBO Gwyneth Ellen Watson, when in fact neither of the trusts engaged in any sales.

F9: These shares are owned of record by Jill Foss Watson, as Trustee of the Karol A. Foss Irrevocable Grandchildren's Trust and of the Issue Trusts.

F10: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $443.62 to $444.23, 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 preceding sentence.

F11: The original Form 4, filed on July 13, 2021, is being amended by this Form 4 amendment solely to correct an administrative error, which misreported a sale that occurred on July 9, 2021 as a total of 9,000 shares sold when in fact 1,800 shares of the Issuer's common stock were sold. As a result of the correction, the number of shares beneficially owned by the reporting person following the corrected transaction reflects an increase in the number of shares reported as beneficially owned by the reporting person by 7,200 shares.

F12: These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson Irrevocable Trust.

F13: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $444.83 to $445.48, 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 preceding sentence.

F14: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $446 to $446.67, 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 preceding sentence.

F15: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $447.22 to $447.88, 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 preceding sentence.