SEC Form 4 · accession 0001209191-16-094726
CREDIT ACCEPTANCE CORP · CACC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott J Vassalluzzo
Director · 10% Owner · Other
Period of report
Jan 29, 2016
Accepted (ET)
Feb 2, 2016 · 4:15 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 | 1,200 | $0.00 | A | 61,725 | D | |
| Common StockF3 | holding | — | — | — | 131,755 | I | By Scott J. Vassalluzzo Family Accounts | |
| Common StockF4 | holding | — | — | — | 89,037 | I | By Prescott Investors Profit Sharing Trust |
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. Vassalluzzo on February 22, 2021.
- F2Includes 10,725 restricted stock units that have vested under the Company's Incentive Compensation Plan.
- F3These shares are owned directly by investment accounts established for the benefit of certain family members of Mr. Vassalluzzo. The inclusion of these shares in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or any other purpose and Mr. Vassalluzzo disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
- F4These shares are owned directly by the Prescott Investors Profit Sharing Trust (the "Trust") and are beneficially owned indirectly by Mr. Vassalluzzo as a trustee of the Trust. Mr. Vassalluzzo disclaims beneficial ownership of these shares in excess of his pecuniary interest under Rule 16a-8(b)(2)(ii). The address of the Trust is 2200 Butts Road, Suite 320, Boca Raton, FL 33431.