Statement of Changes in Beneficial Ownership (4)
June 03 2020 - 11:00AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Watson Jill Foss |
2. Issuer Name and Ticker or Trading Symbol
CREDIT ACCEPTANCE CORP
[
CACC
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
29777 TELEGRAPH ROAD, SUITE 2611 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/15/2020 |
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(Street)
SOUTHFIELD, MI 48034
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Stock | 5/15/2020 | | J |
V
| 117714 | D | $0 | 353142 | I | See footnote (1) |
| Common Stock | | | | | | | | 237927 | I | See footnote (2) |
| Common Stock | | | | | | | | 27846 | I | See footnote (3) |
| Common Stock | | | | | | | | 32366 | I | See footnote (4) |
| Common Stock | | | | | | | | 32366 | I | See footnote (5) |
| Common Stock | | | | | | | | 2146 | I | By Son (6) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Explanation of Responses: |
| (1) | Jill Foss Watson has resigned as Trustee of the Chelsea Foss Issue Trust, which is a separate irrevocable trust created by the Karol A. Foss Irrevocable Grandchildren's Trust. As such, Ms. Watson is no longer the beneficial owner of the shares held by the Chelsea Foss Issue Trust for Section 16 reporting purposes. Ms. Watson continues to serve as Trustee of the Karol A. Foss Irrevocable Grandchildren's Trust and of the Issue Trusts for each of the grandchildren other than Chelsea. |
| (2) | These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson Living Trust. |
| (3) | These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson Irrevocable Trust. |
| (4) | These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson 2014 Children's Trust FBO Duncan Todd Watson. |
| (5) | These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson 2014 Children's Trust FBO Gwyneth Ellen Watson. |
| (6) | The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Watson Jill Foss
29777 TELEGRAPH ROAD
SUITE 2611
SOUTHFIELD, MI 48034 |
| X |
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Signatures
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| /s/ Bradley J. Wyatt | | 6/3/2020 |
| **Signature of Reporting Person | Date |
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