Kenneth S. Booth - 21 Jul 2021 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role: Chief Executive Officer, Director
Signature: /s/ Kenneth S. Booth
Issuer symbol: CACC
Transactions as of: 21 Jul 2021
Net transactions value: $0
Form type: 4
Filing time: 22 Jul 2021, 16:10:22 UTC
Next filing: 03 Sep 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CACC	Common Stock						23,512	21 Jul 2021	Direct	F1

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
transaction	CACC	Employee Stock Option (right to buy)	Award	$0	+110,000		$0.000000	110,000	21 Jul 2021	Common Stock	110,000	$390.39	Direct	F2, F3
holding	CACC	Employee Stock Option (right to buy)						50,000	21 Jul 2021	Common Stock	50,000	$333.94	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 7,012 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.
F2	The option was granted on April 28, 2021 and was subject to shareholder approval of an amendment to the Company's Amended and Restated Incentive Compensation Plan. Shareholder approval was received at the annual meeting of shareholders on July 21, 2021.
F3	The option, representing a right to purchase 110,000 shares, is exercisable in four equal annual installments beginning on April 28, 2022, which is the first anniversary of the date on which the option was granted.
F4	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.