CREDIT ACCEPTANCE CORP — Director's Dealing 2011

Mar 15, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2011-03-11

Reporting Person: FOSS DONALD A (Director, Chairman, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-11	Common Stock	S	431410	$65.625	Disposed	3234778	Direct
2011-03-11	Common Stock	S	438757	$65.625	Disposed	3289871	Indirect
2011-03-11	Common Stock	S	176490	$65.625	Disposed	1323349	Indirect
2011-03-11	Common Stock	S	487725	$65.625	Disposed	3657042	Indirect
2011-03-11	Common Stock	S	190815	$65.625	Disposed	1430759	Indirect
2011-03-11	Common Stock	S	117673	$65.625	Disposed	882327	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	83166	Indirect

Footnotes

F1: Shares are owned of record by Karol A. Foss, as Trustee of the Karol A. Foss Revocable Trust Under Agreement dated January 16, 1981, as amended and restated on January 26, 1984, June 28, 1990, December 10, 1997 and April 1, 2005. Pursuant to an agreement dated December 6, 2001, Mr. Foss has sole voting power and dispositive power over such shares but Ms. Foss and her Trusts have the right to receive any dividends on and any proceeds from the sale of such shares.

F2: On September 3, 2009, the reporting person contributed shares of Credit Acceptance common stock to a grantor retained annuity trust for the benefit of himself as annuitant and his minor child as remainderman.

F3: Shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson Trust Under Agreement dated March 28, 2007 and the Karol A. Foss Irrevocable Grandchildren's Trust dated December 22, 2008. Mr. Foss has sole voting power and dispositive power over such shares but Ms. Foss Watson and her Trusts have the right to receive any dividends on and any proceeds from the sale of such shares.

F4: On May 20, 2010, the reporting person contributed shares of Credit Acceptance common stock to a grantor retained annuity trust for the benefit of himself as annuitant and his minor child as reminderman.

F5: On January 14, 2011 and February 18, 2011, the reporting person contributed shares of Credit Acceptance common stock to a grantor retained annuity trust for the benefit of himself as annuitant and his child as reminderman.

F6: Shares are owned by a limited liability company in which Mr. Foss has a 20% interest.