Jay D. Martin - Jul 21, 2021 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role
SVP - Finance & Accounting
Signature
/s/ Jay D. Martin
Stock symbol
CACC
Transactions as of
Jul 21, 2021
Transactions value $
$0
Form type
4
Date filed
7/22/2021, 04:12 PM
Previous filing
May 10, 2021
Next filing
Sep 3, 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CACC Common Stock 7.9K Jul 21, 2021 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) Award $0 +19.5K $0.00 19.5K Jul 21, 2021 Common Stock 19.5K $333.94 Direct F2, F3
transaction CACC Employee Stock Option (right to buy) Award $0 +2.25K $0.00 2.25K Jul 21, 2021 Common Stock 2.25K $390.39 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 3,400 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.
F2 The option was granted on December 30, 2020 and was subject to shareholder approval of an amendment to the Company's Amended and Restated Incentive Compensation Plan. Shareholder approval was received at the annual meeting of shareholders on July 21, 2021.
F3 The option, representing a right to purchase 19,500 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.
F4 The option was granted on April 28, 2021 and was subject to shareholder approval of an amendment to the Company's Amended and Restated Incentive Compensation Plan. Shareholder approval was received at the annual meeting of shareholders on July 21, 2021.
F5 The option, representing a right to purchase 2,250 shares, is exercisable in four equal annual installments beginning on April 28, 2022, which is the first anniversary of the date on which the option was granted.