CREDIT ACCEPTANCE CORP — Director's Dealing 2011

Feb 15, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2011-02-11

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-11	Common Stock	M	14484	$9.25	Acquired	298557	Direct
2011-02-11	Common Stock	S	1000	$65.00	Disposed	297557	Direct
2011-02-11	Common Stock	S	1000	$65.03	Disposed	296557	Direct
2011-02-11	Common Stock	S	2000	$65.06	Disposed	294557	Direct
2011-02-11	Common Stock	S	1000	$65.08	Disposed	293557	Direct
2011-02-11	Common Stock	S	1000	$65.10	Disposed	292557	Direct
2011-02-11	Common Stock	S	2000	$65.15	Disposed	290557	Direct
2011-02-11	Common Stock	S	3000	$65.20	Disposed	287557	Direct
2011-02-11	Common Stock	S	2000	$65.24	Disposed	285557	Direct
2011-02-11	Common Stock	S	1484	$65.30	Disposed	284073	Direct
2011-02-14	Common Stock	M	3516	$9.25	Acquired	287589	Direct
2011-02-14	Common Stock	S	516	$65.35	Disposed	287073	Direct
2011-02-14	Common Stock	S	1000	$65.40	Disposed	286073	Direct
2011-02-14	Common Stock	S	1000	$65.43	Disposed	285073	Direct
2011-02-14	Common Stock	S	1000	$65.45	Disposed	284073	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-11	Employee Stock Option (right to buy)	$9.25	M	14484	Disposed	2012-01-02	Common Stock (14484)	Direct
2011-02-14	Employee Stock Option (right to buy)	$9.25	M	3516	Disposed	2012-01-02	Common Stock (3516)	Direct

Footnotes

F1: Includes 150,000 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 March 29, 2005.