Andrew K. Rostami - Apr 18, 2022 Form 3 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role
Chief Mktg and Product Officer
Signature
/s/ Andrew K. Rostami
Stock symbol
CACC
Transactions as of
Apr 18, 2022
Transactions value $
$0
Form type
3
Date filed
4/28/2022, 04:08 PM
Next filing
Nov 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CACC Common Stock 4K Apr 18, 2022 Direct F1

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) Apr 18, 2022 Common Stock 16K $585.93 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of 4,000 unvested restricted stock units that were granted under the Company's Incentive Compensation Plan. Each restricted stock unit represents and has a value equal to one share of common stock of Credit Acceptance Corporation. Shares will vest and be distributed in four equal annual installments beginning on April 18, 2023, which is the first anniversary of the date on which the restricted stock units were granted.
F2 The option, representing a right to purchase 16,000 shares, is exercisable in four equal annual installments beginning on April 18, 2023, which is the first anniversary of the date on which the option was granted.