Daniel A. Ulatowski - Sep 1, 2021 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Signature
/s/ Daniel A. Ulatowski
Stock symbol
CACC
Transactions as of
Sep 1, 2021
Transactions value $
-$900,000
Form type
4
Date filed
9/3/2021, 04:08 PM
Previous filing
Aug 6, 2021
Next filing
Nov 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CACC Common Stock Sale -$900K -1.5K -9.11% $600.00 15K Sep 1, 2021 Direct F1, F2
holding CACC Common Stock 53 Sep 1, 2021 By 401(k) Trust F3

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 Sep 1, 2021 Common Stock 50K $333.94 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 Includes 7,300 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.
F3 Held in the Credit Acceptance Stock Fund of the Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust as of August 1, 2021, according to the Plan trustee.
F4 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.