CREDIT ACCEPTANCE CORP — Director's Dealing 2016

Aug 13, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2016-08-10

Reporting Person: Watson Jill Foss (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-10	Common Stock	S	5563	$200.7	Disposed	654366	Indirect
2016-08-10	Common Stock	S	1970	$201.47	Disposed	652396	Indirect
2016-08-10	Common Stock	S	42	$202.20	Disposed	652354	Indirect
2016-08-10	Common Stock	S	351	$200.7	Disposed	67660	Indirect
2016-08-10	Common Stock	S	124	$201.47	Disposed	67536	Indirect
2016-08-10	Common Stock	S	3	$202.20	Disposed	67533	Indirect
2016-08-10	Common Stock	S	7217	$200.7	Disposed	1395382	Indirect
2016-08-10	Common Stock	S	2556	$201.47	Disposed	1392826	Indirect
2016-08-10	Common Stock	S	55	$202.20	Disposed	1392771	Indirect
2016-08-11	Common Stock	S	8860	$200.58	Disposed	643494	Indirect
2016-08-11	Common Stock	S	1122	$201.27	Disposed	642372	Indirect
2016-08-11	Common Stock	S	557	$200.58	Disposed	66976	Indirect
2016-08-11	Common Stock	S	71	$201.27	Disposed	66905	Indirect
2016-08-11	Common Stock	S	11500	$200.58	Disposed	1381271	Indirect
2016-08-11	Common Stock	S	1456	$201.27	Disposed	1379815	Indirect
2016-08-12	Common Stock	S	2880	$200.04	Disposed	639492	Indirect
2016-08-12	Common Stock	S	180	$200.04	Disposed	66725	Indirect
2016-08-12	Common Stock	S	3740	$200.04	Disposed	1376075	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	267109	Indirect
Common Stock	270000	Indirect
Common Stock	2146	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 $200.00 to $201.00, 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.

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 purchased in multiple transactions at prices ranging from $201.03 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: These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson Living Trust.

F5: These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson Living Trust.

F6: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $200.00 to $201.00, 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.

F7: These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson Irrevocable Trust.

F8: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $201.03 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.

F9: These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson Irrevocable Trust.

F10: These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson Irrevocable Trust.

F11: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $200.00 to $201.00, 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.

F12: These shares are owned of record by Jill Foss Watson, as Trustee of the Karol A. Foss Irrevocable Grandchildren's Trust.

F13: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $201.03 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.

F14: These shares are owned of record by Jill Foss Watson, as Trustee of the Karol A. Foss Irrevocable Grandchildren's Trust.

F15: These shares are owned of record by Jill Foss Watson, as Trustee of the Karol A. Foss Irrevocable Grandchildren's Trust.

F16: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $200.00 to $201.00, 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.

F17: These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson Living Trust.

F18: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $201.05 to $201.69, 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.

F19: These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson Living Trust.

F20: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $200.00 to $201.00, 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.

F21: These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson Irrevocable Trust.

F22: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $201.05 to $201.69, 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.

F23: These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson Irrevocable Trust.

F24: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $200.00 to $201.00, 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.

F25: These shares are owned of record by Jill Foss Watson, as Trustee of the Karol A. Foss Irrevocable Grandchildren's Trust.

F26: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $201.05 to $201.69, 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.

F27: These shares are owned of record by Jill Foss Watson, as Trustee of the Karol A. Foss Irrevocable Grandchildren's Trust.

F28: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $200.00 to $200.30, 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.

F29: These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson Living Trust.

F30: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $200.00 to $200.30, 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.

F31: These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson Irrevocable Trust.

F32: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $200.00 to $200.30, 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.

F33: These shares are owned of record by Jill Foss Watson, as Trustee of the Karol A. Foss Irrevocable Grandchildren's Trust.

F34: These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson 2014 Grantor Retained Annuity Trust.

F35: These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson 2016 Grantor Retained Annuity Trust.

F36: 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.