CREDIT ACCEPTANCE CORP — Director's Dealing 2017

May 30, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2017-05-25

Reporting Person: Watson Jill Foss (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-25	Common Stock	S	1148	$217.64	Disposed	375704	Indirect
2017-05-25	Common Stock	S	99	$217.64	Disposed	32855	Indirect
2017-05-25	Common Stock	S	1279	$217.64	Disposed	742329	Indirect
2017-05-25	Common Stock	S	3803	$218.88	Disposed	371901	Indirect
2017-05-25	Common Stock	S	327	$218.88	Disposed	32528	Indirect
2017-05-25	Common Stock	S	4237	$218.88	Disposed	738092	Indirect
2017-05-25	Common Stock	S	1303	$219.38	Disposed	370598	Indirect
2017-05-25	Common Stock	S	112	$219.38	Disposed	32416	Indirect
2017-05-25	Common Stock	S	1451	$219.38	Disposed	736641	Indirect
2017-05-25	Common Stock	S	430	$220.49	Disposed	370168	Indirect
2017-05-25	Common Stock	S	37	$220.49	Disposed	32379	Indirect
2017-05-25	Common Stock	S	479	$220.49	Disposed	736162	Indirect
2017-05-25	Common Stock	S	716	$223.37	Disposed	369452	Indirect
2017-05-25	Common Stock	S	62	$223.37	Disposed	32317	Indirect
2017-05-25	Common Stock	S	798	$223.37	Disposed	735364	Indirect
2017-05-25	Common Stock	S	179	$224.20	Disposed	369273	Indirect
2017-05-25	Common Stock	S	15	$224.20	Disposed	32302	Indirect
2017-05-25	Common Stock	S	200	$224.20	Disposed	735164	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 $217.12 to $217.99, 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.

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 Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson Irrevocable Trust.

F4: These shares are owned of record by Jill Foss Watson, as Trustee of the Karol A. Foss Irrevocable Grandchildren's Trust.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $218.13 to $219.11, 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 $219.14 to $219.95, 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 $220.17 to $220.93, 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 $222.90 to $223.90, 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 $223.92 to $224.45, 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.