Kenneth Booth - 09 Feb 2022 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
09 Feb 2022
Transactions value $
$0
Form type
4
Filing time
11 Feb 2022, 15:14:26 UTC
Previous filing
05 Nov 2021
Next filing
16 Jan 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CACC Common Stock Other $0 -4K -26.65% $0.00 11K 09 Feb 2022 Direct F1, F2

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 09 Feb 2022 Common Stock 50K $333.94 Direct F3
holding CACC Employee Stock Option (right to buy) 110K 09 Feb 2022 Common Stock 110K $390.39 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 9, 2022, the reporting person entered into a divorce settlement agreement with his spouse pursuant to which he agreed to transfer to his spouse the shares of common stock reported herein. The reporting person will no longer report beneficial ownership of these securities.
F2 Includes 7,012 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.
F3 The option, representing a right to purchase 50,000 shares, became exercisable in four equal annual installments beginning on December 30, 2021, which was the first anniversary of the date on which the option was granted.
F4 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.