CREDIT ACCEPTANCE CORP — Director's Dealing 2016

Sep 1, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2016-08-30

Reporting Person: Watson Jill Foss (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-30	Common Stock	S	1279	$197.61	Disposed	707786	Indirect
2016-08-30	Common Stock	S	24	$198.25	Disposed	707762	Indirect
2016-08-30	Common Stock	S	911	$200.77	Disposed	706851	Indirect
2016-08-30	Common Stock	S	560	$201.64	Disposed	706291	Indirect
2016-08-30	Common Stock	S	1171	$203.02	Disposed	705120	Indirect
2016-08-30	Common Stock	S	130	$203.57	Disposed	704990	Indirect
2016-08-30	Common Stock	S	217	$205.39	Disposed	704773	Indirect
2016-08-30	Common Stock	S	43	$206.09	Disposed	704730	Indirect
2016-08-30	Common Stock	S	78	$197.61	Disposed	61533	Indirect
2016-08-30	Common Stock	S	1	$198.25	Disposed	61532	Indirect
2016-08-30	Common Stock	S	56	$200.77	Disposed	61476	Indirect
2016-08-30	Common Stock	S	34	$201.64	Disposed	61442	Indirect
2016-08-30	Common Stock	S	72	$203.02	Disposed	61370	Indirect
2016-08-30	Common Stock	S	8	$203.57	Disposed	61362	Indirect
2016-08-30	Common Stock	S	13	$205.39	Disposed	61349	Indirect
2016-08-30	Common Stock	S	3	$206.09	Disposed	61346	Indirect
2016-08-30	Common Stock	S	1591	$197.61	Disposed	1269068	Indirect
2016-08-30	Common Stock	S	30	$198.25	Disposed	1269038	Indirect
2016-08-30	Common Stock	S	1134	$200.77	Disposed	1267904	Indirect
2016-08-30	Common Stock	S	697	$201.64	Disposed	1267207	Indirect
2016-08-30	Common Stock	S	1457	$203.02	Disposed	1265750	Indirect
2016-08-30	Common Stock	S	162	$203.57	Disposed	1265588	Indirect
2016-08-30	Common Stock	S	270	$205.39	Disposed	1265318	Indirect
2016-08-30	Common Stock	S	54	$206.09	Disposed	1265264	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	270000	Indirect
Common Stock	58154	Indirect
Common Stock	58154	Indirect
Common Stock	2146	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $197.07 to $198.05, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the preceding sentence.

F2: These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson Living Trust.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $198.18 to $198.33, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the preceding sentence.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $200.20 to $201.19, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the preceding sentence.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $201.32 to $202.00, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the preceding sentence.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $202.47 to $203.38, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the preceding sentence.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $204.68 to $205.64, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the preceding sentence.

F8: These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson Irrevocable Trust.

F9: These shares are owned of record by Jill Foss Watson, as Trustee of the Karol A. Foss Irrevocable Grandchildren's Trust.

F10: These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson 2016 Grantor Retained Annuity Trust.

F11: These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson 2014 Children's Trust FBO Gwyneth Ellen Watson.

F12: These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson 2014 Children's Trust FBO Duncan Todd Watson.

F13: The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.