CREDIT ACCEPTANCE CORP — Director's Dealing 2017

Jun 8, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2017-06-06

Reporting Person: Watson Jill Foss (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-06-06	Common Stock	S	864	$220.06	Disposed	114880	Indirect
2017-06-06	Common Stock	S	301	$220.06	Disposed	40796	Indirect
2017-06-06	Common Stock	S	301	$220.06	Disposed	40796	Indirect
2017-06-06	Common Stock	S	665	$221.25	Disposed	114215	Indirect
2017-06-06	Common Stock	S	232	$221.25	Disposed	40564	Indirect
2017-06-06	Common Stock	S	232	$221.25	Disposed	40564	Indirect
2017-06-06	Common Stock	S	377	$222.34	Disposed	113838	Indirect
2017-06-06	Common Stock	S	132	$222.34	Disposed	40432	Indirect
2017-06-06	Common Stock	S	132	$222.34	Disposed	40432	Indirect
2017-06-06	Common Stock	S	887	$223.59	Disposed	112951	Indirect
2017-06-06	Common Stock	S	310	$223.59	Disposed	40122	Indirect
2017-06-06	Common Stock	S	310	$223.59	Disposed	40122	Indirect
2017-06-06	Common Stock	S	282	$224.12	Disposed	112669	Indirect
2017-06-06	Common Stock	S	98	$224.12	Disposed	40024	Indirect
2017-06-06	Common Stock	S	98	$224.12	Disposed	40024	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2146	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 $219.76 to $220.75, 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 2016 Grantor Retained Annuity Trust.

F3: 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.

F4: 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.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $220.86 to $221.79, 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: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $221.88 to $222.72, 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.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $222.95 to $223.92, 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 $223.97 to $224.42, 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 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.