Filing Details

Accession Number:
0001209191-10-039713
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-07-27 13:00:00
Reporting Period:
2010-07-23
Filing Date:
2010-07-27
Accepted Time:
2010-07-27 16:22:39
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 2010-07-23 1,083,875 $50.00 4,644,456 No 4 S Direct
Common Stock Disposition 2010-07-23 1,189,558 $50.00 5,098,149 No 4 S Indirect By ex-wife's trust
Common Stock Disposition 2010-07-23 378,426 $50.00 1,621,574 No 4 S Indirect By son through grantor retained annuity trust
Common Stock Disposition 2010-07-23 647,878 $50.00 2,776,187 No 4 S Indirect By daughter's trust
Common Stock Disposition 2010-07-23 378,426 $50.00 1,621,574 No 4 S Indirect By daughter through grantor retained annuity trust
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Indirect By ex-wife's trust
No 4 S Indirect By son through grantor retained annuity trust
No 4 S Indirect By daughter's trust
No 4 S Indirect By daughter through grantor retained annuity trust
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 83,166 Indirect By limited liability company
Footnotes
  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. Shares are owned by a limited liability company in which Mr. Foss has a 20% interest.