CREDIT ACCEPTANCE CORP — Director's Dealing 2017

Aug 7, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2017-08-03

Reporting Person: Watson Jill Foss (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-08-03	Common Stock	S	1610	$269.22	Disposed	285774	Indirect
2017-08-03	Common Stock	S	3436	$269.22	Disposed	609828	Indirect
2017-08-03	Common Stock	S	557	$269.22	Disposed	98848	Indirect
2017-08-03	Common Stock	S	198	$269.22	Disposed	35067	Indirect
2017-08-03	Common Stock	S	198	$269.22	Disposed	35067	Indirect
2017-08-03	Common Stock	S	4398	$270.23	Disposed	281376	Indirect
2017-08-03	Common Stock	S	9384	$270.23	Disposed	600444	Indirect
2017-08-03	Common Stock	S	1521	$270.23	Disposed	97327	Indirect
2017-08-03	Common Stock	S	540	$270.23	Disposed	34527	Indirect
2017-08-03	Common Stock	S	540	$270.23	Disposed	34527	Indirect
2017-08-03	Common Stock	S	5168	$271.15	Disposed	276208	Indirect
2017-08-03	Common Stock	S	11027	$271.15	Disposed	589417	Indirect
2017-08-03	Common Stock	S	1787	$271.15	Disposed	95540	Indirect
2017-08-03	Common Stock	S	634	$271.15	Disposed	33893	Indirect
2017-08-03	Common Stock	S	634	$271.15	Disposed	33893	Indirect
2017-08-03	Common Stock	S	899	$272.28	Disposed	275309	Indirect
2017-08-03	Common Stock	S	1918	$272.28	Disposed	587499	Indirect
2017-08-03	Common Stock	S	311	$272.28	Disposed	95229	Indirect
2017-08-03	Common Stock	S	110	$272.28	Disposed	33783	Indirect
2017-08-03	Common Stock	S	110	$272.28	Disposed	33783	Indirect
2017-08-03	Common Stock	S	623	$272.94	Disposed	274686	Indirect
2017-08-03	Common Stock	S	1330	$272.94	Disposed	586169	Indirect
2017-08-03	Common Stock	S	216	$272.94	Disposed	95013	Indirect
2017-08-03	Common Stock	S	77	$272.94	Disposed	33706	Indirect
2017-08-03	Common Stock	S	77	$272.94	Disposed	33706	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 $268.67 to $269.67, 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: These shares are owned of record by Jill Foss Watson, as Trustee of the Karol A. Foss Irrevocable Grandchildren's Trust.

F4: These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson 2016 Grantor Retained Annuity Trust.

F5: 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.

F6: 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.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $269.68 to $270.67, 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 $270.70 to $271.67, 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 $271.71 to $272.69, 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.

F10: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $272.79 to $273.30, 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.