SEC Form 4 · accession 0001209191-16-094702
CREDIT ACCEPTANCE CORP · CACC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John S. Soave
Officer — Chief Information Officer
Period of report
Jan 29, 2016
Accepted (ET)
Feb 2, 2016 · 4:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000885550
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 29, 2016 | A | 1,300 | $0.00 | A | 25,611 | D | |
| Common StockF3 | holding | — | — | — | 2,822 | I | By 401(k) Plan | |
| Common Stock | holding | — | — | — | 169 | I | By spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents 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. Soave on January 29, 2019.
- F2Includes 22,600 restricted stock units that have vested under the Company's Incentive Compensation Plan.
- F3Held in the Credit Acceptance Stock Fund of the Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust as of January 29, 2016 according to the Plan trustee.