CREDIT ACCEPTANCE CORP — Director's Dealing 2011

Nov 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2011-09-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-06	Common Stock	G	288027	$0.00	Acquired	3680735	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3290610	Indirect
Common Stock	83166	Indirect
Common Stock	3657040	Indirect

Footnotes

F1: On September 3, 2009, Mr. Foss transferred 2,000,000 shares of Credit Acceptance common stock to a grantor retained annuity trust for the benefit of himself and his minor child as remainderman. On September 6, 2011, 288,027 shares of Credit Acceptance common stock were transferred from such trust to Mr. Foss in satisfaction of such trust's 2011 annuity obligation.

F2: Mr. Foss' prior Form 4s for transactions relating to certain grantor retained annuity trusts created by Mr. Foss have reflected shares of Credit Acceptance common stock held by such trusts following such transactions as beneficially owned by Mr. Foss in Column 5 (with an annotations in Columns 6 and 7 reflecting "I" (for indirect ownership) and "by [son/daughter] through grantor retained annuity trust," respectively). Mr. Foss' direct and indirect ownership of Common Stock as reported in Column 5 of this Form 4 has been revised to reflect that Mr. Foss is not the indirect beneficial owner of the shares of Credit Acceptance common stock held by such grantor retained annuity trusts.

F3: 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.

F4: Shares are owned by a limited liability company in which Mr. Foss has a 20% interest.

F5: 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.