Jill Foss Watson - Feb 9, 2022 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role
10%+ Owner
Signature
/s/ Bradley J. Wyatt, Attorney-in-Fact
Stock symbol
CACC
Transactions as of
Feb 9, 2022
Transactions value $
-$26,000,000
Form type
4
Date filed
3/3/2022, 04:44 PM
Previous filing
Aug 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CACC Common Stock Exercise of in-the-money or at-the-money derivative security -$19.5M -39K -13.44% $500.00 251K Feb 15, 2022 See Footnote (1)
transaction CACC Common Stock Exercise of in-the-money or at-the-money derivative security -$6.5M -13K -12.39% $500.00 91.9K Feb 9, 2022 See Footnote (2)

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
transaction CACC Call Option (Obligation to Sell) Exercise of in-the-money or at-the-money derivative security $0 -390 -100% $0.00* 0 Feb 15, 2022 Common Stock 39K $500.00 See Footnote F1
transaction CACC Call Options (Obligation to Sell) Exercise of in-the-money or at-the-money derivative security $0 -130 -100% $0.00* 0 Feb 9, 2022 Common Stock 13K $500.00 See Footnote F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are owned of record by Jill Foss Watson, as Trustee of the Karol A. Foss Irrevocable Grandchildren's Trust and of the Issue Trusts.
F2 These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson Living Trust.