CREDIT ACCEPTANCE CORP — Director's Dealing 2011

Feb 17, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2011-02-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-15	Common Stock	M	3494	$9.25	Acquired	287567	Direct
2011-02-15	Common Stock	M	2979	$9.885	Acquired	290546	Direct
2011-02-15	Common Stock	S	2000	$65.29	Disposed	288546	Direct
2011-02-15	Common Stock	S	1000	$65.35	Disposed	287546	Direct
2011-02-15	Common Stock	S	1000	$65.40	Disposed	286546	Direct
2011-02-15	Common Stock	S	1000	$65.42	Disposed	285546	Direct
2011-02-15	Common Stock	S	1473	$65.44	Disposed	284073	Direct
2011-02-16	Common Stock	M	6527	$9.885	Acquired	290600	Direct
2011-02-16	Common Stock	S	500	$65.32	Disposed	290100	Direct
2011-02-16	Common Stock	S	500	$65.35	Disposed	289600	Direct
2011-02-16	Common Stock	S	1000	$65.40	Disposed	288600	Direct
2011-02-16	Common Stock	S	1000	$65.44	Disposed	287600	Direct
2011-02-16	Common Stock	S	1527	$65.45	Disposed	286073	Direct
2011-02-16	Common Stock	S	981	$65.48	Disposed	285092	Direct
2011-02-16	Common Stock	S	9	$65.50	Disposed	285083	Direct
2011-02-16	Common Stock	S	10	$65.505	Disposed	285073	Direct
2011-02-16	Common Stock	S	1000	$65.55	Disposed	284073	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-15	Employee Stock Option (right to buy)	$9.25	M	3494	Disposed	2012-01-02	Common Stock (3494)	Direct
2011-02-15	Employee Stock Option (right to buy)	$9.885	M	2979	Disposed	2012-01-02	Common Stock (2979)	Direct
2011-02-16	Employee Stock Option (right to buy)	$9.885	M	6527	Disposed	2012-01-02	Common Stock (6527)	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.

F3: 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.