THOMAS W. SMITH - 10 Nov 2021 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role
Member of Section 13(d) Group, 10%+ Owner
Signature
/s/ Thomas W. Smith
Issuer symbol
CACC
Transactions as of
10 Nov 2021
Transactions value $
-$1,978,760
Form type
4
Filing time
12 Nov 2021, 15:10:52 UTC
Previous filing
28 Jun 2021
Next filing
06 Dec 2021
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 -$1.31M -2K -0.3% $653.13 668K 10 Nov 2021 By Ridgeview Smith Investments LLC F1
transaction CACC Common Stock Sale -$673K -1K -0.15% $672.51 667K 11 Nov 2021 By Ridgeview Smith Investments LLC F1
holding CACC Common Stock 58.8K 10 Nov 2021 By Thomas W. Smith Family Accounts F2
holding CACC Common Stock 60.6K 10 Nov 2021 By Prescott Investors Profit Sharing Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are owned directly by Ridgeview Smith Investments LLC ("Ridgeview"), a limited liability company established by Mr. Smith for the benefit of his family and are beneficially owned indirectly by Mr. Smith as trustee of a revocable trust he established for the benefit of his family and which is the sole member of Ridgeview. Mr. Smith disclaims beneficial ownership of these shares in excess of his pecuniary interest under Rule 16a-1(a)(2)(iii). The address of Ridgeview is 2200 Butts Road, Suite 320, Boca Raton, FL 33431.
F2 These shares are owned directly by investment accounts established for the benefit of certain family members of Thomas W. Smith. The inclusion of these shares in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or any other purpose and Mr. Smith disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
F3 These shares are owned directly by the Prescott Investors Profit Sharing Trust (the "Trust"), an employee profit-sharing plan for which Mr. Smith serves as a trustee. The inclusion of these shares in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or any other purpose and Mr. Smith disclaims beneficial ownership of these shares under Rule 16a-8(b)(1). The address of the Trust is 2200 Butts Road, Suite 320, Boca Raton, FL 33431.

Remarks:

The filing of this report shall not be deemed to be an admission that the Reporting Person is a member of a "group" within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended. The Reporting Person disclaims beneficial ownership of the shares included in this report except to the extent of his pecuniary interest in such shares.