CREDIT ACCEPTANCE CORP — Director's Dealing 2011

Mar 28, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2011-03-25

Reporting Person: KNOBLAUCH MICHAEL W (SVP Loan Servicing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-25	Common Stock	M	1877	$9.885	Acquired	60041	Direct
2011-03-25	Common Stock	S	100	$70.39	Disposed	59941	Direct
2011-03-25	Common Stock	S	100	$70.38	Disposed	59841	Direct
2011-03-25	Common Stock	S	10	$70.36	Disposed	59831	Direct
2011-03-25	Common Stock	S	17	$70.34	Disposed	59814	Direct
2011-03-25	Common Stock	S	183	$70.30	Disposed	59631	Direct
2011-03-25	Common Stock	S	100	$70.2915	Disposed	59531	Direct
2011-03-25	Common Stock	S	139	$70.29	Disposed	59392	Direct
2011-03-25	Common Stock	S	100	$70.28	Disposed	59292	Direct
2011-03-25	Common Stock	S	200	$70.26	Disposed	59092	Direct
2011-03-25	Common Stock	S	928	$70.25	Disposed	58164	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-25	Employee Stock Option (right to buy)	$9.885	M	1877	Disposed	2012-02-11	Common Stock (1877)	Direct

Footnotes

F1: Includes 4,000 restricted stock units that have vested under the Company's Incentive Compensation Plan.

F2: 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.