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

Role
Chief Analytics Officer
Signature
/s/ Arthur L. Smith
Stock symbol
CACC
Transactions as of
Nov 10, 2021
Transactions value $
-$1,615,176
Form type
4
Date filed
11/12/2021, 03:05 PM
Previous filing
Aug 4, 2021
Next filing
Feb 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CACC Common Stock Sale -$167K -258 -2.19% $647.42 11.5K Nov 10, 2021 Direct F1, F2
transaction CACC Common Stock Sale -$34.4K -53 -0.46% $649.75 11.5K Nov 10, 2021 Direct F2, F3
transaction CACC Common Stock Sale -$586K -900 -7.85% $651.40 10.6K Nov 10, 2021 Direct F2, F4
transaction CACC Common Stock Sale -$319K -489 -4.63% $653.27 10.1K Nov 10, 2021 Direct F2, F5
transaction CACC Common Stock Sale -$65.6K -100 -0.99% $656.21 9.97K Nov 10, 2021 Direct F2
transaction CACC Common Stock Sale -$7.23K -11 -0.11% $657.33 9.96K Nov 10, 2021 Direct F2
transaction CACC Common Stock Sale -$38.9K -59 -0.59% $659.01 9.9K Nov 10, 2021 Direct F2
transaction CACC Common Stock Sale -$264K -400 -4.04% $660.06 9.5K Nov 10, 2021 Direct F2
transaction CACC Common Stock Sale -$66K -100 -1.05% $660.47 9.4K Nov 10, 2021 Direct F2
transaction CACC Common Stock Sale -$66.2K -100 -1.06% $661.92 9.3K Nov 10, 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) 50K Nov 10, 2021 Common Stock 50K $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.