Filing Details

Accession Number:
0000885550-21-000017
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-01-29 16:33:55
Reporting Period:
2021-01-27
Accepted Time:
2021-01-29 16:33:55
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
885550 Credit Acceptance Corp CACC Personal Credit Institutions (6141) 381999511
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1604078 L Arthur Smith 25505 West Twelve Mile Road
Southfield MI 48034
Chief Analytics Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2021-01-27 1,000 $400.00 15,945 No 4 S Direct
Common Stock Disposition 2021-01-27 100 $450.01 15,845 No 4 S Direct
Common Stock Disposition 2021-01-27 100 $450.20 15,745 No 4 S Direct
Common Stock Disposition 2021-01-27 200 $452.29 15,545 No 4 S Direct
Common Stock Disposition 2021-01-27 1,558 $450.00 13,987 No 4 S Direct
Common Stock Disposition 2021-01-27 42 $452.18 13,945 No 4 S Direct
Common Stock Acquisiton 2021-01-29 1,825 $0.00 15,770 No 4 A Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 A Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Employee Stock Option (right to buy) $333.94 2026-12-30 50,000 50,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2026-12-30 50,000 50,000 Direct
Footnotes
  1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
  2. Includes 5,475 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.
  3. Represents the vesting of performance-based restricted stock units granted under the Company's Incentive Compensation Plan. Each restricted stock unit represents and has a value equal to one share of common stock of Credit Acceptance Corporation. Shares will be distributed to Mr. Smith on January 30, 2023.
  4. Includes 7,300 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.
  5. The option vests in four equal annual installments beginning on December 30, 2021, which is the first anniversary of the date on which the option was granted.