CREDIT ACCEPTANCE CORP — Director's Dealing 2017

Aug 4, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2017-08-02

Reporting Person: Watson Jill Foss (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-08-02	Common Stock	S	832	$269.25	Disposed	307019	Indirect
2017-08-02	Common Stock	S	1776	$269.25	Disposed	655168	Indirect
2017-08-02	Common Stock	S	288	$269.25	Disposed	106197	Indirect
2017-08-02	Common Stock	S	102	$269.25	Disposed	37674	Indirect
2017-08-02	Common Stock	S	102	$269.25	Disposed	37674	Indirect
2017-08-02	Common Stock	S	966	$270.61	Disposed	306053	Indirect
2017-08-02	Common Stock	S	2063	$270.61	Disposed	653105	Indirect
2017-08-02	Common Stock	S	334	$270.61	Disposed	105863	Indirect
2017-08-02	Common Stock	S	119	$270.61	Disposed	37555	Indirect
2017-08-02	Common Stock	S	119	$270.61	Disposed	37555	Indirect
2017-08-02	Common Stock	S	2401	$271.40	Disposed	303652	Indirect
2017-08-02	Common Stock	S	5124	$271.40	Disposed	647981	Indirect
2017-08-02	Common Stock	S	830	$271.40	Disposed	105033	Indirect
2017-08-02	Common Stock	S	295	$271.40	Disposed	37260	Indirect
2017-08-02	Common Stock	S	295	$271.40	Disposed	37260	Indirect
2017-08-02	Common Stock	S	1307	$272.65	Disposed	302345	Indirect
2017-08-02	Common Stock	S	2789	$272.65	Disposed	645192	Indirect
2017-08-02	Common Stock	S	452	$272.65	Disposed	104581	Indirect
2017-08-02	Common Stock	S	160	$272.65	Disposed	37100	Indirect
2017-08-02	Common Stock	S	160	$272.65	Disposed	37100	Indirect
2017-08-02	Common Stock	S	5473	$273.61	Disposed	296872	Indirect
2017-08-02	Common Stock	S	11679	$273.61	Disposed	633513	Indirect
2017-08-02	Common STock	S	1893	$273.61	Disposed	102688	Indirect
2017-08-02	Common Stock	S	671	$273.61	Disposed	36429	Indirect
2017-08-02	Common Stock	S	671	$273.61	Disposed	36429	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 $268.84 to $269.59, 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 $270.00 to $270.82, 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 $271.01 to $272.00, 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: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $272.06 to $273.00, 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.

F10: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $273.14 to $274.14, 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.