BUSK DOUGLAS W 4
4 · CREDIT ACCEPTANCE CORP · Filed May 6, 2022
Insider Transaction Report
Form 4
BUSK DOUGLAS W
Sr. Vice President & Treasurer
Transactions
- Exercise/Conversion
Common Stock
2022-05-04$333.94/sh+5,000$1,669,700→ 11,433 total - Sale
Common Stock
2022-05-04$616.31/sh−677$417,242→ 10,756 total - Sale
Common Stock
2022-05-04$619.68/sh−2,200$1,363,296→ 8,556 total - Sale
Common Stock
2022-05-04$621.34/sh−1,100$683,474→ 7,456 total - Sale
Common Stock
2022-05-04$622.58/sh−300$186,774→ 7,156 total - Sale
Common Stock
2022-05-04$624.00/sh−700$436,800→ 6,456 total - Sale
Common Stock
2022-05-04$627.91/sh−23$14,442→ 6,433 total - Exercise/Conversion
Employee Stock Option (right to buy)
2022-05-04−5,000→ 41,000 totalExercise: $333.94Exp: 2026-12-30→ Common Stock (5,000 underlying)
Footnotes (4)
- [F1]Includes 6,433 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $621.25 to $622.12, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes to this Form 4.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $622.47 to $622.64, inclusive.
- [F4]The option, initially representing a right to purchase 46,000 shares, is exercisable in four equal installments beginning on December 30, 2021, which was the first anniversary of the date on which the option was granted.