Thomas N. Tryforos - 20 Oct 2021 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role
Director
Signature
/s/ Thomas N. Tryforos
Issuer symbol
CACC
Transactions as of
20 Oct 2021
Transactions value $
$0
Form type
4
Filing time
22 Oct 2021, 16:12:19
Next filing
09 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CACC Common Stock Other -106K -100% 0 20 Oct 2021 By charitable remainder trust F1
transaction CACC Common Stock Other -106K -100% 0 20 Oct 2021 By charitable remainder trust F2
transaction CACC Common Stock Other +106K 106K 20 Oct 2021 By limited liability company F1
transaction CACC Common Stock Other +106K 106K 20 Oct 2021 By limited liability company. F2
holding CACC Common Stock 208K 20 Oct 2021 By limited liability company F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 20, 2021, shares held by a charitable remainder trust (referred to herein as Unitrust A), of which the reporting person is the sole trustee, were contributed to a limited liability company (referred to herein as LLC A) managed by a person other than the reporting person, in exchange for 100% of the membership interests of LLC A.
F2 On October 20, 2021, shares held by a charitable remainder trust (referred to herein as Unitrust B), of which the reporting person is the sole trustee, were contributed to a limited liability company (referred to herein as LLC B) managed by a person other than the reporting person, in exchange for 100% of the membership interests of LLC B.
F3 By Elias Charles & Co LLC

Remarks:

The reporting person disclaims beneficial ownership of the shares reported herein as indirectly beneficially owned, except to the extent of his pecuniary interest therein.