| Accession Number: | 0001104659-20-025399 |
| Date: | 2020-02-24 |
| Issuer: | CREDIT ACCEPTANCE CORP (CACC) |
| Original Submission Date: |
PRESCOTT GENERAL PARTNERS LLC
2200 BUTTS ROAD
SUITE 320
BOCA RATON, FL 33431
SMITH THOMAS W
2200 BUTTS ROAD
SUITE 320
BOCA RATON, FL 33431
VASSALLUZZO SCOTT J
2200 BUTTS ROAD
SUITE 320
BOCA RATON, FL 33431
| Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
|---|---|---|---|---|---|---|---|---|---|
| COMMON STOCK | 2020-02-24 | S | 1,593 | d | $428.49 | 1,160,603 | indirect | f1 | |
| COMMON STOCK | 2020-02-24 | S | 54 | d | $428.49 | 45,521 | indirect | f2 | |
| COMMON STOCK | 2020-02-24 | S | 945 | d | $428.49 | 565,562 | indirect | f3 | |
| COMMON STOCK | 2020-02-24 | S | 108 | d | $428.49 | 62,582 | indirect | f4 | |
| COMMON STOCK | 2020-02-25 | S | 118 | d | $426.18 | 1,160,485 | indirect | f1 | |
| COMMON STOCK | 2020-02-25 | S | 4 | d | $426.18 | 45,517 | indirect | f2 | |
| COMMON STOCK | 2020-02-25 | S | 70 | d | $426.18 | 565,492 | indirect | f3 | |
| COMMON STOCK | 2020-02-25 | S | 8 | d | $426.18 | 62,574 | indirect | f4 | |
| COMMON STOCK | 2020-02-24 | 0 | $0.00 | 670,397 | indirect | f5 | |||
| COMMON STOCK | 2020-02-24 | 0 | $0.00 | 58,750 | indirect | f6 | |||
| COMMON STOCK | 2020-02-24 | 0 | $0.00 | 13,948 | indirect | f7 | |||
| COMMON STOCK | 2020-02-24 | 0 | $0.00 | 64,125 f8 | direct | ||||
| COMMON STOCK | 2020-02-24 | 0 | $0.00 | 2,758 | indirect | f9 |
| Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
|---|
| ID | footnote |
|---|---|
| f1 | these shares are owned directly by prescott associates l.p. ("prescott associates"), a private investment limited partnership, and are beneficially owned indirectly by prescott general partners llc ("pgp"), a delaware limited liability company, as general partner of prescott associates. messrs. thomas w. smith and scott j. vassalluzzo are each a managing member of pgp. pgp disclaims beneficial ownership of these shares in excess of its pecuniary interest under rule 16a-1(a)(2)(ii)(b). the address for prescott associates is 2200 butts road, suite 320, boca raton, fl 33431. |
| f2 | these shares are owned directly by prescott international partners l.p. ("pip"), a private investment limited partnership, and are beneficially owned indirectly by pgp as general partner of pip. pgp disclaims beneficial ownership of these shares in excess of its pecuniary interest under rule 16a-1(a)(2)(ii)(b). the address for pip is 2200 butts road, suite 320, boca raton, fl 33431. |
| f3 | these shares are owned directly by idoya partners l.p. ("idoya"), a private investment limited partnership, and are beneficially owned indirectly by pgp as general partner of idoya. pgp disclaims beneficial ownership of these shares in excess of its pecuniary interest under rule 16a-1(a)(2)(ii)(b). the address for idoya is 2200 butts road, suite 320, boca raton, fl 33431. |
| f4 | these shares are owned directly by the prescott investors profit sharing trust (the "trust"), for which each of messrs. smith and vassalluzzo serve as a trustee. the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership for purposes of section 16 or any other purpose and each of messrs. smith and vassalluzzo disclaims beneficial ownership of these shares in excess of his pecuniary interest under rule 16a-8(b)(2)(ii). the address of the trust is 2200 butts road, suite 320, boca raton, fl 33431. |
| f5 | these shares are owned directly by ridgeview smith investments llc ("ridgeview"), a limited liability company established by mr. smith for the benefit of his family and are beneficially owned indirectly by mr. smith as trustee of a revocable trust he established for the benefit of his family and which is the sole member of ridgeview. mr. smith disclaims beneficial ownership of these shares in excess of his pecuniary interest under rule 16a-1(a)(2)(iii). the address of ridgeview is 2200 butts road, suite 320, boca raton, fl 33431. |
| f6 | these shares are owned directly by investment accounts established for the benefit of certain family members of thomas w. smith. the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership for purposes of section 16 or any other purpose and mr. smith disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. |
| f7 | these shares are owned directly by the thomas w. smith foundation (the "foundation") and are beneficially owned indirectly by mr. smith as trustee of the foundation. mr. smith disclaims beneficial ownership of these shares in excess of his pecuniary interest under 16a-8(b)(2)(ii). the address for the foundation is 2200 butts road, suite 320, boca raton, fl 33431. |
| f8 | these shares are owned directly by scott j. vassalluzzo and include 4,000 restricted stock units that have vested under the issuer's incentive compensation plan. |
| f9 | these shares are owned directly by investment accounts established for the benefit of certain family members of scott j. vassalluzzo. the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership for purposes of section 16 or any other purpose and mr. vassalluzzo disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. |
