Filing Details
- Accession Number:
- 0001209191-10-046633
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2010-09-16 18:22:02
- Reporting Period:
- 2010-09-14
- Filing Date:
- 2010-09-16
- Accepted Time:
- 2010-09-16 18:22:02
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
885550 | Credit Acceptance Corp | CACC | Personal Credit Institutions (6141) | 381999511 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
901185 | A Donald Foss | 25505 West Twelve Mile Road Southfield MI 48034 | Chairman | Yes | Yes | Yes | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Disposition | 2010-09-14 | 13,946 | $60.00 | 4,766,191 | No | 4 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Direct |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Common Stock | 5,098,149 | Indirect | By ex-wife's trust |
Common Stock | 83,166 | Indirect | By limited liability company |
Common Stock | 1,499,839 | Indirect | By son through grantor retained annuity trust |
Common Stock | 2,776,187 | Indirect | By daughter's trust |
Common Stock | 1,621,574 | Indirect | By daughter through grantor retained annuity trust |
Footnotes
- Shares are owned of record by Karol A. Foss, as Trustee of the Karol A. Foss Revocable Trust Under Agreement dated January 16, 1981, as amended and restated on January 26, 1984, June 28, 1990, December 10, 1997 and April 1, 2005. Pursuant to an agreement dated December 6, 2001, Mr. Foss has sole voting power and dispositive power over such shares but Ms. Foss and her Trusts have the right to receive any dividends on and any proceeds from the sale of such shares.
- Shares are owned by a limited liability company in which Mr. Foss has a 20% interest.
- On September 3, 2009, the reporting person contributed 2,000,000 shares of Credit Acceptance common stock to a grantor retained annuity trust for the benefit of himself as annuitant and his minor child as remainderman.
- Shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson Trust Under Agreement dated March 28, 2007. Mr. Foss has sole voting power and dispositive power over such shares but Ms. Foss Watson and her Trust have the right to receive any dividends on and any proceeds from the sale of such shares.
- On May 20, 2010, the reporting person contributed 2,000,000 shares of Credit Acceptance common stock to a grantor retained annuity trust for the benefit of himself as annuitant and his minor child as remainderman.