Jay D. Martin - Jul 21, 2021 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role: SVP - Finance & Accounting
Signature: /s/ Jay D. Martin
Stock symbol: CACC
Transactions as of: Jul 21, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/22/2021, 04:12 PM
Previous filing: May 10, 2021
Next filing: Sep 3, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CACC	Common Stock						7.9K	Jul 21, 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	+19.5K		$0.00	19.5K	Jul 21, 2021	Common Stock	19.5K	$333.94	Direct	F2, F3
transaction	CACC	Employee Stock Option (right to buy)	Award	$0	+2.25K		$0.00	2.25K	Jul 21, 2021	Common Stock	2.25K	$390.39	Direct	F4, F5

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

Explanation of Responses:

Id	Content
F1	Includes 3,400 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.
F2	The option was granted on December 30, 2020 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 19,500 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.
F4	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.
F5	The option, representing a right to purchase 2,250 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.