SEC Form 4 · accession 0001415889-16-007228
CREDIT ACCEPTANCE CORP · CACC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jill Foss Watson
10% Owner
Period of report
Sep 26, 2016
Accepted (ET)
Sep 27, 2016 · 6:00 pm EDT
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 | Sep 26, 2016 | S | 101,760 | $197.50 | D | 602,970 | I | See footnote |
| Common StockF2,F3 | Sep 26, 2016 | S | 5,900 | $197.514 | D | 55,446 | I | See footnote |
| Common StockF4,F3 | Sep 26, 2016 | S | 500 | $198.728 | D | 54,946 | I | See footnote |
| Common StockF5 | Sep 26, 2016 | S | 131,840 | $197.50 | D | 1,133,424 | I | See footnote |
| Common StockF6 | holding | — | — | — | 270,000 | I | See footnote | |
| Common StockF7 | holding | — | — | — | 58,154 | I | See footnote | |
| Common StockF8 | holding | — | — | — | 58,154 | I | See footnote | |
| Common StockF9 | holding | — | — | — | 2,146 | I | By son |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson Living Trust.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $197.50 to $198.31, 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 preceding sentence.
- F3These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson Irrevocable Trust.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $198.69 to $198.82, 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 preceding sentence.
- F5These shares are owned of record by Jill Foss Watson, as Trustee of the Karol A. Foss Irrevocable Grandchildren's Trust.
- F6These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson 2016 Grantor Retained Annuity Trust.
- F7These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson 2014 Children's Trust FBO Gwyneth Ellen Watson.
- F8These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson 2014 Children's Trust FBO Duncan Todd Watson.
- F9The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.