Arthur L. Smith - Jul 20, 2021 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Signature
/s/ Arthur L. Smith
Stock symbol
CACC
Transactions as of
Jul 20, 2021
Transactions value $
-$475,000
Form type
4
Date filed
7/22/2021, 04:08 PM
Previous filing
Jun 28, 2021
Next filing
Aug 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CACC Common Stock Sale -$475K -1K -6.77% $475.00 13.8K Jul 20, 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding CACC Employee Stock Option (right to buy) 50K Jul 20, 2021 Common Stock 50K $333.94 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 7,300 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.
F3 The option, representing a right to purchase 50,000 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.