CREDIT ACCEPTANCE CORP — Director's Dealing 2021

Jan 29, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2021-01-27

Reporting Person: SMITH ARTHUR L (Chief Analytics Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-27	Common Stock	S	1000	$400	Disposed	15945	Direct
2021-01-27	Common Stock	S	100	$450.01	Disposed	15845	Direct
2021-01-27	Common Stock	S	100	$450.20	Disposed	15745	Direct
2021-01-27	Common Stock	S	200	$452.29	Disposed	15545	Direct
2021-01-27	Common Stock	S	1558	$450	Disposed	13987	Direct
2021-01-27	Common Stock	S	42	$452.18	Disposed	13945	Direct
2021-01-29	Common Stock	A	1825	—	Acquired	15770	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 sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2: Includes 5,475 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.

F3: 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. Smith on January 30, 2023.

F4: Includes 7,300 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.

F5: The option vests in four equal annual installments beginning on December 30, 2021, which is the first anniversary of the date on which the option was granted.