Jill Foss Watson - 10 Aug 2021 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role
10%+ Owner
Signature
/s/ Bradley J. Wyatt, Attorney-in-Fact
Issuer symbol
CACC
Transactions as of
10 Aug 2021
Net transactions value
-$8,219,692
Form type
4
Filing time
12 Aug 2021, 17:40:52 UTC
Previous filing
11 Aug 2021
Next filing
16 Aug 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CACC Common Stock Sale $697,413 -1,274 -1.1% $547.42 112,053 10 Aug 2021 See footnote F1, F2
transaction CACC Common Stock Sale $1,506,754 -2,749 -2.5% $548.11 109,304 10 Aug 2021 See footnote F2, F3
transaction CACC Common Stock Sale $97,244 -177 -0.16% $549.40 109,127 10 Aug 2021 See footnote F2, F4
transaction CACC Common Stock Sale $1,046,120 -1,911 -0.63% $547.42 300,831 10 Aug 2021 See footnote F1, F5
transaction CACC Common Stock Sale $2,259,858 -4,123 -1.4% $548.11 296,708 10 Aug 2021 See footnote F3, F5
transaction CACC Common Stock Sale $146,140 -266 -0.09% $549.40 296,442 10 Aug 2021 See footnote F4, F5
transaction CACC Common Stock Sale $498,152 -910 -2% $547.42 45,090 10 Aug 2021 See footnote F1, F6
transaction CACC Common Stock Sale $1,075,940 -1,963 -4.4% $548.11 43,127 10 Aug 2021 See footnote F3, F6
transaction CACC Common Stock Sale $69,774 -127 -0.29% $549.40 43,000 10 Aug 2021 See footnote F4, F6
transaction CACC Common Stock Sale $530,905 -969 -1.7% $547.89 55,877 10 Aug 2021 See footnote F7, F8
transaction CACC Common Stock Sale $209,519 -382 -0.68% $548.48 55,495 10 Aug 2021 See footnote F8, F9
transaction CACC Common Stock Sale $81,873 -149 -0.27% $549.48 55,346 10 Aug 2021 See footnote F8, F10

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 10 Aug 2021 Common Stock 39,000 $500.00 See footnote F5
holding CACC Call Options (Obligation to Sell) 130 10 Aug 2021 Common Stock 13,000 $500.00 See footnote F2
* 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 $546.97 to $547.96, 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 These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson Living Trust.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $547.97 to $548.92, 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.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $548.97 to $549.51, 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 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.
F6 These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson 2021 Grantor Retained Annuity Trust.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $547.17 to $548.12, 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 preceding sentence.
F8 These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson Irrevocable Trust.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $548.17 to $549.13, 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.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $549.45 to $549.64, 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.