Filing Details
- Accession Number:
- 0001181431-13-035366
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2013-06-17 19:51:01
- Reporting Period:
- 2013-06-13
- Filing Date:
- 2013-06-17
- Accepted Time:
- 2013-06-17 19:51:01
- 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 |
---|---|---|---|---|---|---|---|
1270139 | Lisa Bradley | C/O Asset Acceptance Capital Corp. 28405 Van Dyke Avenue Warren MI 48093 | No | No | No | Yes |
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, Par Value $0.01 Per Share | Disposition | 2013-06-13 | 1,117,340 | $6.50 | 0 | No | 4 | S | Direct | |
Common Stock, Par Value $0.01 Per Share | Disposition | 2013-06-13 | 1,128,852 | $6.50 | 0 | No | 4 | S | Indirect | See Footnote |
Common Stock, Par Value $0.01 Per Share | Disposition | 2013-06-13 | 171,520 | $6.50 | 0 | No | 4 | S | Indirect | See Footnote |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Direct | |
No | 4 | S | Indirect | See Footnote |
No | 4 | S | Indirect | See Footnote |
Footnotes
- Pursuant to the Agreement and Plan of Merger, dated as of March 6, 2013 (the "Merger Agreement"), by and among Asset Acceptance Capital Corp. ("AACC"), Encore Capital Group, Inc. ("Encore"), and Pinnacle Sub, Inc. ("Merger Sub"), AACC merged with and into Merger Sub (the "Merger"). Upon the effective time of the Merger, each share of AACC common stock was cancelled and exchanged for (i) cash equal to $6.50 per share without interest and less any applicable withholding taxes (the "Cash Consideration"), (ii) subject to proration upon the terms outlined in the merger agreement, 0.2162 shares of Encore common stock per share of AACC common stock or (iii) a combination thereof (the "Merger Consideration").
- 1,128,852 shares are held by trusts of which Mrs. Bradley is a co-trustee with her spouse.
- 171,520 shares are held by an irrevocable trust of which Ms. Bradley is sole trustee, as to which Mr. Bradley disclaims beneficial ownership.