0001181431-11-029811.txt : 20110516 0001181431-11-029811.hdr.sgml : 20110516 20110516111153 ACCESSION NUMBER: 0001181431-11-029811 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110512 FILED AS OF DATE: 20110516 DATE AS OF CHANGE: 20110516 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ASSET ACCEPTANCE CAPITAL CORP CENTRAL INDEX KEY: 0001264707 STANDARD INDUSTRIAL CLASSIFICATION: SHORT-TERM BUSINESS CREDIT INSTITUTIONS [6153] IRS NUMBER: 800076779 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 28405 VAN DYKE AVENUE CITY: WARREN STATE: MI ZIP: 48093 BUSINESS PHONE: (586) 939-9600 MAIL ADDRESS: STREET 1: 28405 VAN DYKE AVENUE CITY: WARREN STATE: MI ZIP: 48093 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: DANIELS TERRENCE D CENTRAL INDEX KEY: 0001187880 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-50552 FILM NUMBER: 11844341 MAIL ADDRESS: STREET 1: C/O QUAD-C MANAGEMENT INC STREET 2: 230 E HIGH ST CITY: CHARLOTTSEVILLE STATE: VA ZIP: 22902 4 1 rrd310780.xml DANIELS, TERRENCE (FORM 4) X0303 4 2011-05-12 0 0001264707 ASSET ACCEPTANCE CAPITAL CORP AACC 0001187880 DANIELS TERRENCE D QUAD-C MANAGEMENT, INC 230 EAST HIGH STREET CHARLOTTESVILLE VA 22902 1 0 1 0 Restricted Stock Units 2011-05-12 4 A 0 1667 0 A Common Stock, $0.01 par value per share 1667 1667 D Stock Options (right to buy) 4.55 2011-05-12 4 A 0 5000 0 A 2011-05-12 2021-05-12 Common Stock, $0.01 par value per share 5000 5000 D Deferred Stock Units 2011-05-12 4 A 0 1374 0 A Common Stock, $0.01 par value per share 1374 1374 D Each restricted stock unit represents a contingent right to receive one share of Asset Acceptance Capital Corp. common stock. The reporting person has received Restricted Stock Units ("RSUs") under the Company's 2004 Stock Incentive Plan, as amended. The reporting person received RSUs for services on the Company's Board of Directors. The RSUs will fully vest upon the earlier of (a) separation from service or (b) a change in control as defined in the Stock Plan. Each deferred stock unit converts to shares of common stock on a one-to-one basis. The reporting person has received Deferred Stock Units ("DSU") under the Company's 2004 Stock Incentive Plan, as amended. The reporting person has elected to receive DSUs in lieu of the annual retainer fees payable for services on the Company's Board of Directors. The DSUs are immediately vested and a settlement will occur in a single lump sum as soon as practicable after the earliest of the following events: (1) death of reporting person; (2) disability of reporting person; (3) change in control of Asset Acceptance Capital Corp.; (4) other separation of reporting person's service to Asset Acceptance Capital Corp. /s/ Edwin L. Herbert, attorney-in-fact for Terrence D. Daniels 2011-05-16