CREDIT ACCEPTANCE CORP — Director's Dealing 2016

Aug 18, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2016-08-15

Reporting Person: Watson Jill Foss (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-15	Common Stock	S	1694	$201.54	Disposed	788599	Indirect
2016-08-15	Common Stock	S	5687	$202.51	Disposed	782912	Indirect
2016-08-15	Common Stock	S	10452	$203.41	Disposed	772460	Indirect
2016-08-15	Common Stock	S	464	$204.07	Disposed	771996	Indirect
2016-08-15	Common Stock	S	107	$201.54	Disposed	66618	Indirect
2016-08-15	Common Stock	S	358	$202.51	Disposed	66260	Indirect
2016-08-15	Common Stock	S	657	$203.41	Disposed	65603	Indirect
2016-08-15	Common Stock	S	29	$204.07	Disposed	65574	Indirect
2016-08-15	Common Stock	S	2199	$201.54	Disposed	1373876	Indirect
2016-08-15	Common Stock	S	7381	$202.51	Disposed	1366495	Indirect
2016-08-15	Common Stock	S	13565	$203.41	Disposed	1352930	Indirect
2016-08-15	Common Stock	S	603	$204.07	Disposed	1352327	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	270000	Indirect
Common Stock	2146	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 purchased in multiple transactions at prices ranging from $200.98 to $201.97, 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. The total number of shares reflects a distribution of 150,801 shares from the Jill Foss Watson 2014 Grantor Retained Annual Trust to the Jill Foss Watson Living Trust.

F3: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $202.00 to $202.99, 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 purchased in multiple transactions at prices ranging from $203.01 to $203.91, 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 purchased in multiple transactions at prices ranging from $204.03 to $204.09, 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: These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson Irrevocable Trust.

F7: These shares are owned of record by Jill Foss Watson, as Trustee of the Karol A. Foss Irrevocable Grandchildren's Trust.

F8: These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson 2016 Grantor Retained Annuity Trust.

F9: 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.

F10: 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. The total number of shares reflects a distribution of 58,154 shares from the Jill Foss Watson 2014 Grantor Retained Annual Trust to the Jill Foss Watson 2014 Children's Trust FBO Duncan Todd Watson.

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. The total number of shares reflects a distribution of 58,154 shares from the Jill Foss Watson 2014 Grantor Retained Annual Trust to the Jill Foss Watson 2014 Children's Trust FBO Gwyneth Ellen Watson.