Jill Foss Watson - Jul 9, 2021 Form 4/A - Amendment Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role
10%+ Owner
Signature
/s/ Bradley J. Wyatt, Attorney-in-Fact
Stock symbol
CACC
Transactions as of
Jul 9, 2021
Transactions value $
-$4,813,777
Form type
4/A - Amendment
Date filed
7/14/2021, 09:41 PM
Date Of Original Report
Jul 13, 2021
Next filing
Jul 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CACC Common Stock Sale -$154K -347 -0.24% $443.36 147K Jul 9, 2021 See footnote F1, F2, F3
transaction CACC Common Stock Sale -$118K -266 -0.18% $444.48 146K Jul 9, 2021 See footnote F2, F3, F4
transaction CACC Common Stock Sale -$896K -2.01K -1.37% $445.75 144K Jul 9, 2021 See footnote F2, F3, F5
transaction CACC Common Stock Sale -$411K -921 -0.64% $446.60 143K Jul 9, 2021 See footnote F2, F3, F6
transaction CACC Common Stock Sale -$25.1K -56 -0.04% $447.94 143K Jul 9, 2021 See footnote F2, F3, F7
transaction CACC Common Stock Sale -$231K -520 -0.15% $443.36 353K Jul 9, 2021 See footnote F1, F8, F9
transaction CACC Common Stock Sale -$178K -400 -0.11% $444.48 352K Jul 9, 2021 See footnote F4, F8, F9
transaction CACC Common Stock Sale -$1.34M -3.02K -0.86% $445.75 349K Jul 9, 2021 See footnote F5, F8, F9
transaction CACC Common Stock Sale -$617K -1.38K -0.4% $446.60 348K Jul 9, 2021 See footnote F6, F8, F9
transaction CACC Common Stock Sale -$37.2K -83 -0.02% $447.94 348K Jul 9, 2021 See footnote F7, F8, F9
transaction CACC Common Stock Sale -$116K -262 -0.38% $443.75 68.6K Jul 9, 2021 See footnote F10, F11, F12
transaction CACC Common Stock Sale -$196K -439 -0.64% $445.51 68.1K Jul 9, 2021 See footnote F11, F12, F13
transaction CACC Common Stock Sale -$415K -930 -1.36% $446.47 67.2K Jul 9, 2021 See footnote F11, F12, F14
transaction CACC Common Stock Sale -$75.6K -169 -0.25% $447.49 67K Jul 9, 2021 See footnote F11, F12, F15

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 Call Options (Obligation to Sell) 390 Jul 9, 2021 Common Stock 39K $500.00 See footnote F9
holding CACC Call Options (Obligation to Sell) 130 Jul 9, 2021 Common Stock 13K $500.00 See footnote F3
* 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 $443.05 to $443.67, 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 preceding sentence.
F2 The original Form 4, filed on July 13, 2021, is being amended by this Form 4 amendment to correct an administrative error, which over-reported the number of shares beneficially owned following the reported transaction by 50,000 shares. As a result of the correction, the number of shares beneficially owned by the reporting person following the transaction reflects a reduction in the number of shares reported as beneficially owned by the reporting person by 50,000 shares.
F3 These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson Living Trust.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $444.06 to $445.00, 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 preceding sentence.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $445.28 to $446.26, 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 preceding sentence.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $446.31 to $447.23, 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 preceding sentence.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $447.88 to $448.01, 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 preceding sentence.
F8 The original Form 4, filed on July 13, 2021, is being amended by this Form 4 amendment to correct an administrative error, which misreported sales by the Jill Foss Watson 2014 Children's Trust FBO Duncan Todd Watson and Jill Foss Watson 2014 Children's Trust FBO Gwyneth Ellen Watson, when in fact neither of the trusts engaged in any sales.
F9 These shares are owned of record by Jill Foss Watson, as Trustee of the Karol A. Foss Irrevocable Grandchildren's Trust and of the Issue Trusts.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $443.62 to $444.23, 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 preceding sentence.
F11 The original Form 4, filed on July 13, 2021, is being amended by this Form 4 amendment solely to correct an administrative error, which misreported a sale that occurred on July 9, 2021 as a total of 9,000 shares sold when in fact 1,800 shares of the Issuer's common stock were sold. As a result of the correction, the number of shares beneficially owned by the reporting person following the corrected transaction reflects an increase in the number of shares reported as beneficially owned by the reporting person by 7,200 shares.
F12 These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson Irrevocable Trust.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $444.83 to $445.48, 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 preceding sentence.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $446 to $446.67, 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 preceding sentence.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $447.22 to $447.88, 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 preceding sentence.