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CREDIT ACCEPTANCE CORP — Director's Dealing 2022
Nov 2, 2022
31014_dirs_2022-11-02_dfe2f3a5-26e5-4641-98f0-68248514ad4b.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: 2022-10-31
Reporting Person: Rostami Andrew K (Chief Mktg and Product Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-10-31 | Common Stock | A | 4000 | — | Acquired | 8000 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (right to buy) | $585.93 | 2028-04-18 | Common Stock (16000.0) | 16000 | Direct |
Footnotes
F1: Consists of 8,000 unvested restricted stock units that were 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. 4,000 shares will vest and be distributed in four equal annual installments beginning on April 18, 2023, which is the first anniversary of the date on which the restricted stock units were granted. The remaining 4,000 shares will vest and be distributed in four equal annual installments beginning on October 31, 2023, which is the first anniversary of the date on which the restricted stock units were granted.
F2: The option, representing a right to purchase 16,000 shares, is exercisable in four equal annual installments beginning on April 18, 2023, which is the first anniversary of the date on which the option was granted.