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
  1. 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").
  2. 1,128,852 shares are held by trusts of which Mrs. Bradley is a co-trustee with her spouse.
  3. 171,520 shares are held by an irrevocable trust of which Ms. Bradley is sole trustee, as to which Mr. Bradley disclaims beneficial ownership.