CREDIT ACCEPTANCE CORP — Director's Dealing 2012

Apr 2, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2012-03-29

Reporting Person: Flanagan Glenda J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-29	Common Stock	M	5000	$17.245	Acquired	14475	Direct
2012-03-29	Common Stock	S	5000	$101.0847	Disposed	9475	Direct
2012-03-30	Common Stock	M	5000	$17.245	Acquired	14475	Direct
2012-03-30	Common Stock	S	5000	$101.2511	Disposed	9475	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-29	Director Stock Option (right to buy)	$17.245	M	5000	Disposed	2014-03-10	Common Stock (5000)	Direct
2012-03-30	Director Stock Option (right to buy)	$17.245	M	5000	Disposed	2014-03-10	Common Stock (5000)	Direct

Footnotes

F1: Includes 5,475 restricted stock units that have vested under the Company's Incentive Compensation Plan.

F2: The director stock options vested in installments based on the Company's satisfaction of certain performance-related criteria and became vested in full on February 28, 2008.