Vinayak Hegde - 21 Jul 2021 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role
Director
Signature
/s/ Vinayak Hegde
Issuer symbol
CACC
Transactions as of
21 Jul 2021
Net transactions value
$0
Form type
4
Filing time
22 Jul 2021, 16:13:26 UTC
Previous filing
15 Jul 2021
Next filing
21 Sep 2021
SEC
View on sec.gov

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 +10,000 $0.000000 10,000 21 Jul 2021 Common Stock 10,000 $394.79 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option was granted on May 3, 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.
F2 The option, representing a right to purchase 10,000 shares, is exercisable in four equal annual installments beginning on May 3, 2022, which is the first anniversary of the date on which the option was granted.