-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AVK8fJrAdkgR0HL5Ai6Y+e5sFfFfmDiZ5Eh/+EPxhBEmeYy33DKwAt5uUOuDFu05 GOTHZNzm+QCFCeZWftzHVA== 0001181431-09-025441.txt : 20090522 0001181431-09-025441.hdr.sgml : 20090522 20090518170358 ACCESSION NUMBER: 0001181431-09-025441 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090514 FILED AS OF DATE: 20090518 DATE AS OF CHANGE: 20090518 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Pickard William CENTRAL INDEX KEY: 0001308434 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-50552 FILM NUMBER: 09837333 MAIL ADDRESS: STREET 1: 2627 CLARK STREET CITY: DETROIT STATE: MI ZIP: 48210 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 4 1 rrd242806.xml PICKARD, WILLIAM (5-14-09) X0303 4 2009-05-14 0 0001264707 ASSET ACCEPTANCE CAPITAL CORP AACC 0001308434 Pickard William 2627 CLARK STREET DETROIT MI 48210 1 0 0 0 Restricted Stock Units 2009-05-14 4 A 0 1667 0 A Common Stock, $0.01 par value per share 1667 1667 D Stock Options (right to buy) 8.61 2009-05-14 4 A 0 5000 0 A 2009-05-14 2019-05-14 Common Stock, $0.01 par value per share 5000 5000 D Deferred Stock Units 2009-05-14 4 A 0 363 0 A Common Stock, $0.01 par value per share 363 363 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 part 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. Exhibit List Exhibit 24.1 - Power of Attorney /s/ E.L. Herbert, attorney-in-fact for William Pickard 2009-05-18 EX-24.1 2 rrd217670_245790.htm POWER OF ATTORNEY rrd217670_245790.html 
                                                                                Exhibit 24.1
POWER OF ATTORNEY
        Know all by these presents, that the undersigned hereby constitutes and appoints each of 
Mark A. Redman and Edwin L. Herbert, signing singly, the undersigned's true and lawful 
attorney-in-fact to:
(1)        execute for and on behalf of the undersigned, in the undersigned's capacity as a director 
of Asset Acceptance Capital Corp. (the "Company"), Forms 3, 4, and 5 in accordance 
with Section 16(a) of
 the Securities Exchange Act of 1934 and the rules thereunder, and 
any other forms or reports the undersigned may be required to file in connection with the 
undersigned's ownership, acquisition, or disposition of securities of the Company;
(2)        do and perform any and all acts for and on behalf of the undersigned which may be 
necessary or desirable to complete and execute any such Form 3, 4, or 5, or other form or 
report, and timely file such form or report with the United States Securities and Exchange 
Commission and any stock exchange or similar authority; and
(3)        take any other action of any type whatsoever in connection with the foregoing which, in 
the opinion of such attorney-in-fact, may be of such benefit to, in the best interest of, or 
legally required by, the undersigned, it being understood that the documents executed by 
such attorney-in-fact on behalf of the undersigned p
ursuant to this Power of Attorney 
shall be in such form and shall contain such terms and conditions as such attorney-in-fact 
may approve in such attorney-in-fact's discretion.
        The undersigned hereby grants to each such attorney-in-fact full power and authority to 
do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done 
in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes 
as the undersigned might or could do if personally present, with full power of substitution or 
revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-
fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of 
attorney and the rights and powers herein granted.  The undersigned acknowledges that the 
foregoing attorneys- in-fact, in serving in such capacity at the request of the undersigned, ar
e not 
assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply 
with Section 16 of the Securities Exchange Act of 1934.
        This Power of Attorney shall remain in full force and effect until the undersigned is no 
longer required to file Forms 3, 4, and 5 with respect to the undersigned's holdings of and 
transactions in securities issued by the Company, unless earlier revoked by the undersigned in a 
signed writing delivered to the foregoing attorneys-in-fact.
            IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to 
be executed as of this 14th day of May, 2009.
            
             /s/ WILLIAM F. PICKARD
            ___________________
_________
            William F. Pickard
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