CREDIT ACCEPTANCE CORP — Director's Dealing 2011

Apr 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2011-03-30

Reporting Person: KNOBLAUCH MICHAEL W (SVP Loan Servicing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-30	Common Stock	M	2147	$9.885	Acquired	60311	Direct
2011-03-30	Common Stock	S	2147	$70.00	Disposed	58164	Direct
2011-03-31	Common Stock	M	6086	$9.885	Acquired	64250	Direct
2011-03-31	Common Stock	S	4182	$71.00	Disposed	60068	Direct
2011-03-31	Common Stock	S	100	$71.01	Disposed	59968	Direct
2011-03-31	Common Stock	S	1700	$71.02	Disposed	58268	Direct
2011-03-31	Common Stock	S	100	$71.03	Disposed	58168	Direct
2011-03-31	Common Stock	S	4	$71.20	Disposed	58164	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-30	Employee Stock Option (right to buy)	$9.885	M	2147	Disposed	2012-02-11	Common Stock (2147)	Direct
2011-03-31	Employee Stock Option (right to buy)	$9.885	M	6086	Disposed	2012-02-11	Common Stock (6086)	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.