CREDIT ACCEPTANCE CORP — Director's Dealing 2011

May 31, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2011-05-26

Reporting Person: KNOBLAUCH MICHAEL W (SVP Loan Servicing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-26	Common Stock	M	1001	$9.885	Acquired	59165	Direct
2011-05-26	Common Stock	S	198	$77.00	Disposed	58967	Direct
2011-05-26	Common Stock	S	97	$77.01	Disposed	58870	Direct
2011-05-26	Common Stock	S	3	$77.02	Disposed	58867	Direct
2011-05-26	Common Stock	S	1	$77.04	Disposed	58866	Direct
2011-05-26	Common Stock	S	100	$77.05	Disposed	58766	Direct
2011-05-26	Common Stock	S	102	$77.07	Disposed	58664	Direct
2011-05-26	Common Stock	S	100	$77.075	Disposed	58564	Direct
2011-05-26	Common Stock	S	200	$77.15	Disposed	58364	Direct
2011-05-26	Common Stock	S	98	$77.16	Disposed	58266	Direct
2011-05-26	Common Stock	S	1	$77.19	Disposed	58265	Direct
2011-05-26	Common Stock	S	1	$77.20	Disposed	58264	Direct
2011-05-26	Common Stock	S	100	$77.21	Disposed	58164	Direct
2011-05-27	Common Stock	M	400	$9.885	Acquired	58564	Direct
2011-05-27	Common Stock	S	400	$78.50	Disposed	58164	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-26	Employee Stock Option (right to buy)	$9.885	M	1001	Disposed	2012-02-11	Common Stock (1001)	Direct
2011-05-27	Employee Stock Option (right to buy)	$9.885	M	400	Disposed	2012-02-11	Common Stock (400)	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.