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CREDIT ACCEPTANCE CORP — Director's Dealing 2024
Mar 19, 2024
31014_dirs_2024-03-19_b1f99d46-61a1-4795-b7d3-25f36ca420c8.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: 2024-03-15
Reporting Person: LUM JONATHAN (Chief Operating Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-15 | Common Stock | M | 2500 | $333.94 | Acquired | 10661 | Direct |
| 2024-03-15 | Common Stock | S | 2300 | $549.57 | Disposed | 8361 | Direct |
| 2024-03-15 | Common Stock | S | 200 | $551.10 | Disposed | 8161 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-15 | Employee Stock Option (right to buy) | $333.94 | M | 2500 | Disposed | 2026-12-30 | Common Stock (2500) | 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 $549.19 to $549.80, 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: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $551.06 to $551.14, inclusive.
F3: The option, initially representing the right to purchase 40,000 shares, is exercisable in four equal installments beginning on December 30, 2021, which was the first anniversary of the date on which the option was granted.