Arthur L. Smith - 10 Nov 2021 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Signature
/s/ Arthur L. Smith
Issuer symbol
CACC
Transactions as of
10 Nov 2021
Net transactions value
-$1,615,176
Form type
4
Filing time
12 Nov 2021, 15:05:11 UTC
Previous filing
04 Aug 2021
Next filing
01 Feb 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CACC Common Stock Sale $167,034 -258 -2.2% $647.42 11,512 10 Nov 2021 Direct F1, F2
transaction CACC Common Stock Sale $34,437 -53 -0.46% $649.75 11,459 10 Nov 2021 Direct F2, F3
transaction CACC Common Stock Sale $586,260 -900 -7.9% $651.40 10,559 10 Nov 2021 Direct F2, F4
transaction CACC Common Stock Sale $319,449 -489 -4.6% $653.27 10,070 10 Nov 2021 Direct F2, F5
transaction CACC Common Stock Sale $65,621 -100 -0.99% $656.21 9,970 10 Nov 2021 Direct F2
transaction CACC Common Stock Sale $7,231 -11 -0.11% $657.33 9,959 10 Nov 2021 Direct F2
transaction CACC Common Stock Sale $38,882 -59 -0.59% $659.01 9,900 10 Nov 2021 Direct F2
transaction CACC Common Stock Sale $264,024 -400 -4% $660.06 9,500 10 Nov 2021 Direct F2
transaction CACC Common Stock Sale $66,047 -100 -1.1% $660.47 9,400 10 Nov 2021 Direct F2
transaction CACC Common Stock Sale $66,192 -100 -1.1% $661.92 9,300 10 Nov 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) 50,000 10 Nov 2021 Common Stock 50,000 $333.94 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $647.23 to $648.19, 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.
F2 Includes 7,300 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 $649.21 to $649.76, 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 $650.99 to $651.48, 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 $653.17 to $653.43, 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 option, representing a right to purchase 50,000 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.