CREDIT ACCEPTANCE CORP — Director's Dealing 2010

Dec 6, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2010-12-01

Reporting Person: ROBERTS BRETT A (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-01	Common Stock	J	90000	$0.00	Disposed	224073	Direct
2010-12-02	Common Stock	M	408	$9.885	Acquired	224481	Direct
2010-12-02	Common Stock	S	408	$62.25	Disposed	224073	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-01	Employee Stock Option (right to buy)	$9.885	J	85741	Disposed	2012-01-02	Common Stock (85741)	Direct
2010-12-01	Employee Stock Option (right to buy)	$9.25	J	90493	Disposed	2012-01-02	Common Stock (90493)	Direct
2010-12-02	Employee Stock Option (right to buy)	$9.885	M	408	Disposed	2012-01-02	Common Stock (408)	Direct

Footnotes

F1: Pursuant to a divorce decree, Mr. Roberts transferred to his ex-wife an employee stock option to purchase 176,234 shares of issuer common stock originally granted to Mr. Roberts on January 2, 2002 and 90,000 vested restricted stock units originally granted to Mr. Roberts on February 22, 2007.

F2: Includes 90,000 restricted stock units that have vested under the Company's Incentive Compensation Plan.

F3: The employee stock options vested in installments based on the Company's satisfaction of certain performance-related criteria and became vested in full on February 27, 2006.