SEC Form 4 · accession 0001415889-17-000417

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

Mar 10, 2017

Accepted (ET)

Mar 14, 2017 · 5:35 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 Stock^F1,F2	Mar 10, 2017	S	2,788	$197.53	D	563,151	I	See footnote
Common Stock^F1,F3	Mar 10, 2017	S	182	$197.53	D	54,059	I	See footnote
Common Stock^F1,F4	Mar 10, 2017	S	3,732	$197.53	D	1,115,216	I	See footnote
Common Stock^F5,F2	Mar 10, 2017	S	1,082	$198.68	D	562,069	I	See footnote
Common Stock^F5,F3	Mar 10, 2017	S	70	$198.68	D	53,989	I	See footnote
Common Stock^F5,F4	Mar 10, 2017	S	1,448	$198.68	D	1,113,768	I	See footnote
Common Stock^F6,F2	Mar 13, 2017	S	3,637	$197.71	D	558,432	I	See footnote
Common Stock^F6,F3	Mar 13, 2017	S	236	$197.71	D	53,753	I	See footnote
Common Stock^F6,F4	Mar 13, 2017	S	4,868	$197.71	D	1,108,900	I	See footnote
Common Stock^F7	holding	—	—		—	270,000	I	See footnote
Common Stock^F8	holding	—	—		—	58,154	I	See footnote
Common Stock^F9	holding	—	—		—	58,154	I	See footnote
Common Stock^F10	holding	—	—		—	2,146	I	By Son

Table II — derivative securities

No Table II lines on this filing.

Explanation of responses

F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $197.50 to $198.33, 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.
F10The 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.
F2These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson Living Trust.
F3These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson Irrevocable Trust.
F4These shares are owned of record by Jill Foss Watson, as Trustee of the Karol A. Foss Irrevocable Grandchildren's Trust.
F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $198.53 to $199.24, 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.
F6The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $197.50 to $198.15, 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.
F7These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson 2016 Grantor Retained Annuity Trust.
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.
F9These 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.