CREDIT ACCEPTANCE CORP — Director's Dealing 2011

Jun 30, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2011-06-28

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-06-28	Common Stock	M	10888	$9.885	Acquired	279184	Direct
2011-06-28	Common Stock	S	1888	$80.00	Disposed	277296	Direct
2011-06-28	Common Stock	S	1000	$80.05	Disposed	276296	Direct
2011-06-28	Common Stock	S	2000	$80.10	Disposed	274296	Direct
2011-06-28	Common Stock	S	500	$80.15	Disposed	273796	Direct
2011-06-28	Common Stock	S	500	$80.20	Disposed	273296	Direct
2011-06-28	Common Stock	S	1000	$80.25	Disposed	272296	Direct
2011-06-28	Common Stock	S	1000	$80.35	Disposed	271296	Direct
2011-06-28	Common Stock	S	1000	$80.45	Disposed	270296	Direct
2011-06-28	Common Stock	S	1000	$80.55	Disposed	269296	Direct
2011-06-28	Common Stock	S	1000	$80.65	Disposed	268296	Direct
2011-06-29	Common Stock	M	5000	$9.885	Acquired	273296	Direct
2011-06-29	Common Stock	S	1000	$80.45	Disposed	272296	Direct
2011-06-29	Common Stock	S	1000	$80.50	Disposed	271296	Direct
2011-06-29	Common Stock	S	1500	$80.55	Disposed	269796	Direct
2011-06-29	Common Stock	S	500	$80.60	Disposed	269296	Direct
2011-06-29	Common Stock	S	1000	$80.65	Disposed	268296	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-06-28	Employee Stock Option (right to buy)	$9.885	M	10888	Disposed	2012-01-02	Common Stock (10888)	Direct
2011-06-29	Employee Stock Option (right to buy)	$9.885	M	5000	Disposed	2012-01-02	Common Stock (5000)	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 February 27, 2006.