TX | 752291093 | |
(State or other jurisdiction of | (IRS Employer | |
incorporation) | Identification No.) |
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Information to be included in the report
On May 12, 2006, Clifton H. Morris, Jr., Chairman of the Board of AmeriCredit entered into a sales plan pursuant to Rule 10b5-1 for the orderly disposition of stock options covering a total of 1,420,000 shares granted to him by AmeriCredit in 1998. The stock option agreements provide that the options will lapse unless they are exercised by December 31, 2006. Under the terms of the sales plan, Mr. Morris will exercise 850,000 of the options and sell the shares. Mr. Morris intends to use the proceeds to pay the exercise price and related income taxes with respect to the total number of options. Mr. Morris plans to retain the remaining 570,000 shares obtained upon exercise of the options, assuming that the net proceeds are sufficient to do so from the foregoing sale.
AMERICREDIT CORP | ||||||||
Date: May 31, 2006 | By: | /s/ CHRIS A. CHOATE | ||||||
CHRIS A. CHOATE | ||||||||
Executive Vice President, Chief Financial Officer and Treasurer | ||||||||