Jonathan Lum - Sep 7, 2021 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Signature
/s/ Jonathan L. Lum
Stock symbol
CACC
Transactions as of
Sep 7, 2021
Transactions value $
-$2,001,459
Form type
4
Date filed
11/5/2021, 04:14 PM
Next filing
Feb 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CACC Common Stock Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities -$228K -353 -100% $645.57 0 Sep 7, 2021 By 401(k) Plan F1
transaction CACC Common Stock Gift $0 -250 -2.01% $0.00 12.2K Nov 3, 2021 Direct F2
transaction CACC Common Stock Sale -$200K -300 -2.46% $665.85 11.9K Nov 3, 2021 Direct F2, F3
transaction CACC Common Stock Sale -$362K -542 -4.55% $667.74 11.4K Nov 3, 2021 Direct F2, F4
transaction CACC Common Stock Sale -$66.9K -100 -0.88% $669.15 11.3K Nov 3, 2021 Direct F2
transaction CACC Common Stock Sale -$67K -100 -0.89% $670.00 11.2K Nov 3, 2021 Direct F2
transaction CACC Common Stock Sale -$503K -750 -6.72% $670.34 10.4K Nov 3, 2021 Direct F2, F5
transaction CACC Common Stock Sale -$277K -412 -3.96% $673.42 10K Nov 3, 2021 Direct F2, F6
transaction CACC Common Stock Sale -$187K -278 -2.78% $674.46 9.72K Nov 3, 2021 Direct F2, F7
transaction CACC Common Stock Sale -$67.5K -100 -1.03% $675.28 9.62K Nov 3, 2021 Direct F2
transaction CACC Common Stock Sale -$42.8K -63 -0.65% $678.67 9.56K Nov 3, 2021 Direct 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
holding CACC Employee Stock Option (right to buy) 40K Sep 7, 2021 Common Stock 40K $333.94 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were held in the Credit Acceptance Stock Fund of the Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust until September 7, 2021, according to the Plan trustee.
F2 Includes 4,195 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $665.62 to $666.17, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes to this Form 4.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $667.32 to $668.31, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes to this Form 4.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $670.08 to $671.01, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes to this Form 4.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $673.12 to $673.89, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes to this Form 4.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $674.22 to $675.00, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes to this Form 4.
F8 The option, representing the right to purchase 40,000 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.