Douglas W. Busk - May 4, 2022 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role
Chief Treasury Officer
Signature
/s/ Douglas W. Busk
Stock symbol
CACC
Transactions as of
May 4, 2022
Transactions value $
-$1,432,328
Form type
4
Date filed
5/6/2022, 04:07 PM
Previous filing
Nov 5, 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 Options Exercise $1.67M +5K +77.72% $333.94 11.4K May 4, 2022 Direct F1
transaction CACC Common Stock Sale -$417K -677 -5.92% $616.31 10.8K May 4, 2022 Direct F1
transaction CACC Common Stock Sale -$1.36M -2.2K -20.45% $619.68 8.56K May 4, 2022 Direct F1
transaction CACC Common Stock Sale -$683K -1.1K -12.86% $621.34 7.46K May 4, 2022 Direct F1, F2
transaction CACC Common Stock Sale -$187K -300 -4.02% $622.58 7.16K May 4, 2022 Direct F1, F3
transaction CACC Common Stock Sale -$437K -700 -9.78% $624.00 6.46K May 4, 2022 Direct F1
transaction CACC Common Stock Sale -$14.4K -23 -0.36% $627.91 6.43K May 4, 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
transaction CACC Employee Stock Option (right to buy) Options Exercise $0 -5K -10.87% $0.00 41K May 4, 2022 Common Stock 5K $333.94 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 6,433 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $621.25 to $622.12, 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $622.47 to $622.64, inclusive.
F4 The option, initially representing a right to purchase 46,000 shares, is exercisable in four equal installments beginning on December 30, 2021, which was the first anniversary of the date on which the option was granted.