Erin J. Kerber - Jul 21, 2021 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role: Chief Legal Officer
Signature: /s/ Erin J. Kerber
Stock symbol: CACC
Transactions as of: Jul 21, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/22/2021, 04:15 PM
Previous filing: Jul 12, 2021
Next filing: Feb 1, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CACC	Common Stock						3.56K	Jul 21, 2021	Direct	F1
holding	CACC	Common Stock						203	Jul 21, 2021	By 401(k) Trust	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
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	F3, F4
transaction	CACC	Employee Stock Option (right to buy)	Award	$0	+15.5K		$0.00	15.5K	Jul 21, 2021	Common Stock	15.5K	$454.11	Direct	F5, F6

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

Explanation of Responses:

Id	Content
F1	Includes 2,766 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.
F2	Held in the Credit Acceptance Stock Fund of the Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust as of July 19, 2021, according to the Plan trustee.
F3	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.
F4	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.
F5	The option was granted on June 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.
F6	The option, representing a right to purchase 15,500 shares, is exercisable in four equal annual installments beginning on June 28, 2022, which is the first anniversary of the date on which the option was granted.