Kenneth Booth - 03 Nov 2021 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role
Chief Executive Officer, Director
Signature
/s/ Kenneth S. Booth
Issuer symbol
CACC
Transactions as of
03 Nov 2021
Transactions value $
-$3,738,000
Form type
4
Filing time
05 Nov 2021, 16:08:52 UTC
Previous filing
03 Sep 2021
Next filing
11 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CACC Common Stock Sale -$2.34M -3.5K -17.06% $668.00 17K 03 Nov 2021 Direct F1
transaction CACC Common Stock Sale -$1.4M -2K -11.76% $700.00 15K 05 Nov 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
holding CACC Employee Stock Option (right to buy) 50K 03 Nov 2021 Common Stock 50K $333.94 Direct F2
holding CACC Employee Stock Option (right to buy) 110K 03 Nov 2021 Common Stock 110K $390.39 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 7,012 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.
F2 The option, representing a right to purchase 50,000 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.
F3 The option, representing a right to purchase 110,000 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.