SEC Form 4 · accession 0001209191-19-006150
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, 2019
Accepted (ET)
Jan 31, 2019 · 4:20 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, 2019 | F | 1,241 | $408.67 | D | 18,246 | D | |
| Common StockF3,F4 | Jan 29, 2019 | A | 1,550 | $0.00 | A | 19,796 | D | |
| Common StockF5 | holding | — | — | — | 3,278 | 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
- F1Shares withheld to satisfy tax withholding obligations in conjunction with the conversion of vested restricted stock units to common stock.
- F2Includes 1,550 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.
- F3Represents 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 30, 2023.
- F4Includes 3,100 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.
- F5Held in the Credit Acceptance Stock Fund of the Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust as of January 29, 2019, according to the Plan trustee.