CREDIT ACCEPTANCE CORP — Director's Dealing 2016

Aug 25, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2016-08-23

Reporting Person: Watson Jill Foss (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-23	Common Stock	S	1694	$200.42	Disposed	747066	Indirect
2016-08-23	Common Stock	S	1728	$201.57	Disposed	745338	Indirect
2016-08-23	Common Stock	S	2131	$202.40	Disposed	743207	Indirect
2016-08-23	Common Stock	S	107	$200.42	Disposed	64002	Indirect
2016-08-23	Common Stock	S	109	$201.57	Disposed	63893	Indirect
2016-08-23	Common Stock	S	134	$202.40	Disposed	63759	Indirect
2016-08-23	Common Stock	S	2199	$200.42	Disposed	1319976	Indirect
2016-08-23	Common Stock	S	2244	$201.57	Disposed	1317732	Indirect
2016-08-23	Common Stock	S	2765	$202.40	Disposed	1314967	Indirect
2016-08-24	Common Stock	S	1165	$200.30	Disposed	742042	Indirect
2016-08-24	Common Stock	S	593	$201.54	Disposed	741449	Indirect
2016-08-24	Common Stock	S	4753	$202.73	Disposed	736696	Indirect
2016-08-24	Common Stock	S	971	$203.40	Disposed	735725	Indirect
2016-08-24	Common Stock	S	42	$204.33	Disposed	735683	Indirect
2016-08-24	Common Stock	S	73	$200.30	Disposed	63686	Indirect
2016-08-24	Common Stock	S	37	$201.54	Disposed	63649	Indirect
2016-08-24	Common Stock	S	299	$202.73	Disposed	63350	Indirect
2016-08-24	Common Stock	S	61	$203.40	Disposed	63289	Indirect
2016-08-24	Common Stock	S	3	$204.33	Disposed	63286	Indirect
2016-08-24	Common Stock	S	1512	$200.30	Disposed	1313455	Indirect
2016-08-24	Common Stock	S	770	$201.54	Disposed	1312685	Indirect
2016-08-24	Common Stock	S	6166	$202.73	Disposed	1306519	Indirect
2016-08-24	Common Stock	S	1261	$203.40	Disposed	1305258	Indirect
2016-08-24	Common Stock	S	55	$204.33	Disposed	1305203	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2146	Indirect
Common Stock	270000	Indirect
Common Stock	58154	Indirect
Common Stock	58154	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 $200.00 to $200.72, 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 $201.02 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.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $202.08 to $202.90, 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: These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson Irrevocable Trust.

F6: These shares are owned of record by Jill Foss Watson, as Trustee of the Karol A. Foss Irrevocable Grandchildren's Trust

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $200.00 to $200.92, 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: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $201.20 to $202.15, 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.

F9: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $202.30 to $203.20, 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.

F10: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $203.30 to $204.28, 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.

F11: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $204.33 to $204.33, 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.

F12: These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson 2016 Grantor Retained Annuity Trust.

F13: 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.

F14: 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.