Filing Details
- Accession Number:
- 0001181431-13-033131
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2013-06-05 20:34:17
- Reporting Period:
- 2013-06-04
- Filing Date:
- 2013-06-05
- Accepted Time:
- 2013-06-05 20:34:17
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1264707 | Asset Acceptance Capital Corp | AACC | Short-Term Business Credit Institutions (6153) | 800076779 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1408335 | B Rion Needs | 28405 Van Dyke Avenue Warren MI 48093 | President & Ceo | Yes | Yes | No | 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, $0.01 Par Value | Disposition | 2013-06-04 | 5,000 | $6.85 | 111,396 | No | 4 | S | Direct | |
| Common Stock, $0.01 Par Value | Disposition | 2013-06-04 | 31,766 | $6.84 | 79,630 | No | 4 | S | Direct | |
| Common Stock, $0.01 Par Value | Disposition | 2013-06-04 | 10,000 | $6.84 | 69,630 | No | 4 | S | Direct | |
| Common Stock, $0.01 Par Value | Disposition | 2013-06-04 | 10,000 | $6.85 | 59,630 | No | 4 | S | Direct | |
| Common Stock, $0.01 Par Value | Disposition | 2013-06-04 | 15,000 | $6.85 | 44,630 | No | 4 | S | Direct | |
| Common Stock, $0.01 Par Value | Acquisiton | 2013-06-04 | 153,333 | $3.57 | 197,963 | No | 4 | M | Direct | |
| Common Stock, $0.01 Par Value | Acquisiton | 2013-06-04 | 33,333 | $6.01 | 231,296 | No | 4 | M | Direct | |
| Common Stock, $0.01 Par Value | Acquisiton | 2013-06-04 | 66,667 | $5.39 | 297,963 | No | 4 | M | Direct | |
| Common Stock, $0.01 Par Value | Acquisiton | 2013-06-04 | 44,550 | $4.40 | 342,513 | No | 4 | M | Direct | |
| Common Stock, $0.01 Par Value | Acquisiton | 2013-06-04 | 33,333 | $6.52 | 375,846 | No | 4 | M | Direct | |
| Common Stock, $0.01 Par Value | Disposition | 2013-06-04 | 271,197 | $6.90 | 104,649 | No | 4 | F | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock, $0.01 Par Value | Stock Option (right to buy) | Disposition | 2013-06-04 | 153,333 | $0.00 | 153,333 | $3.57 |
| Common Stock, $0.01 Par Value | Stock Option (right to buy) | Disposition | 2013-06-04 | 33,333 | $0.00 | 33,333 | $6.01 |
| Common Stock, $0.01 Par Value | Stock Option (right to buy) | Disposition | 2013-06-04 | 66,667 | $0.00 | 66,667 | $5.39 |
| Common Stock, $0.01 Par Value | Stock Option (right to buy) | Disposition | 2013-06-04 | 44,550 | $0.00 | 44,550 | $4.40 |
| Common Stock, $0.01 Par Value | Stock Option (right to buy) | Disposition | 2013-06-04 | 33,333 | $0.00 | 33,333 | $6.52 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2016-02-25 | No | 4 | M | Direct | |
| 0 | 2017-03-12 | No | 4 | M | Direct | |
| 0 | 2018-03-29 | No | 4 | M | Direct | |
| 0 | 2019-03-07 | No | 4 | M | Direct | |
| 0 | 2020-03-08 | No | 4 | M | Direct |
Footnotes
- The options vested in four equal installments on February 25, 2010, 2011, 2012 and 2013.
- The options were scheduled to vest in four equal installments on March 12, 2011, 2012, 2013 and 2014. All outstanding unvested options became vested on May 29, 2013 in accordance with the Company's merger agreement.
- The options were scheduled to vest in four equal installments on March 29, 2012, 2013, 2014 and 2015. All outstanding unvested options became vested on May 29, 2013 in accordance with the Company's merger agreement.
- The options were scheduled to vest in four equal installments on March 7, 2013, 2014, 2015 and 2016. All outstanding unvested options became vested on May 29, 2013 in accordance with the Company's merger agreement.
- The options were scheduled to vest in four equal installments on March 8, 2014, 2015, 2016 and 2017. All outstanding unvested options became vested on May 29, 2013 in accordance with the Company's merger agreement.
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