Statement of Changes in Beneficial Ownership (4)
June 10 2013 - 4:45PM
Edgar (US Regulatory)
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FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
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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
*
Herring Darin
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2. Issuer Name
and
Ticker or Trading Symbol
ASSET ACCEPTANCE CAPITAL CORP
[
AACC
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
VP - Legal Collections
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(Last)
(First)
(Middle)
28405 VAN DYKE AVENUE
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3. Date of Earliest Transaction
(MM/DD/YYYY)
6/5/2013
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(Street)
WARREN, MI 48093
(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, $0.01 par value
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6/5/2013
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M
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3750
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A
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$3.57
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21362
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D
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Common Stock, $0.01 par value
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6/5/2013
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M
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6250
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A
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$6.01
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27612
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D
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Common Stock, $0.01 par value
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6/5/2013
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M
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5143
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A
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$5.39
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32755
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D
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Common Stock, $0.01 par value
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6/5/2013
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M
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6250
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A
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$4.40
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39005
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D
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Common Stock, $0.01 par value
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6/5/2013
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M
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4333
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A
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$6.52
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43338
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D
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Common Stock, $0.01 par value
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6/5/2013
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F
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22026
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D
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$6.90
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21312
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D
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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)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Stock Option (right to buy)
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$3.57
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6/5/2013
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M
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3750
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(1)
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2/25/2016
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Common Stock, $0.01 par value
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3750
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$0
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0
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D
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Stock Option (right to buy)
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$6.01
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6/5/2013
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M
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6250
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(2)
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3/12/2017
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Common Stock, $0.01 par value
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6250
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$0
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0
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D
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Stock Option (right to buy)
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$5.39
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6/5/2013
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M
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5143
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(3)
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3/29/2018
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Common Stock, $0.01 par value
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5143
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$0
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0
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D
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Stock Option (right to buy)
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$4.40
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6/5/2013
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M
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6250
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(4)
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3/7/2019
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Common Stock, $0.01 par value
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6250
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$0
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0
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D
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Stock Option (right to buy)
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$6.52
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6/5/2013
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M
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4333
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(5)
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3/8/2020
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Common Stock, $0.01 par value
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4333
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$0
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0
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D
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Explanation of Responses:
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(
1)
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The options vested in four equal installments on February 25, 2010, 2011, 2012 and 2013.
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(
2)
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The options were scheduled to vest in four equal installments on March 12, 2011, 2012, 2013 and 2014. All outstanding unvested options became vested on May 29, 2013 in accordance with the Company's merger agreement.
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(
3)
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The options were scheduled to vest in four equal installments on March 29, 2012, 2013, 2014 and 2015. All outstanding unvested options became vested on May 29, 2013 in accordance with the Company's merger agreement.
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(
4)
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The options were scheduled to vest in four equal installments on March 7, 2013, 2014, 2015 and 2016. All outstanding unvested options became vested on May 29, 2013 in accordance with the Company's merger agreement.
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(
5)
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The options were scheduled to vest in four equal installments on March 8, 2014, 2015, 2016 and 2017. All outstanding unvested options became vested on May 29, 2013 in accordance with the Company's merger agreement.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Herring Darin
28405 VAN DYKE AVENUE
WARREN, MI 48093
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VP - Legal Collections
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Signatures
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/s/ Edwin L. Herbert, attorney-on-behalf of Darin Herring
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6/10/2013
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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