Booth Kenneth 4
4 · CREDIT ACCEPTANCE CORP · Filed Feb 11, 2022
Insider Transaction Report
Form 4
Booth Kenneth
Director
Transactions
- Other
Common Stock
2022-02-09−4,000→ 11,012 total
Holdings
- 50,000
Employee Stock Option (right to buy)
Exercise: $333.94Exp: 2026-12-30→ Common Stock (50,000 underlying) - 110,000
Employee Stock Option (right to buy)
Exercise: $390.39Exp: 2031-04-28→ Common Stock (110,000 underlying)
Footnotes (4)
- [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.