CREDIT ACCEPTANCE CORP — Director's Dealing 2017

May 26, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2017-05-24

Reporting Person: Watson Jill Foss (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-24	Common Stock	S	4310	$222.64	Disposed	383980	Indirect
2017-05-24	Common Stock	S	371	$222.64	Disposed	33568	Indirect
2017-05-24	Common Stock	S	4801	$222.64	Disposed	751547	Indirect
2017-05-24	Common Stock	S	3306	$223.75	Disposed	380674	Indirect
2017-05-24	Common Stock	S	285	$223.75	Disposed	33283	Indirect
2017-05-24	Common Stock	S	3683	$223.75	Disposed	747864	Indirect
2017-05-24	Common Stock	S	759	$225.07	Disposed	379915	Indirect
2017-05-24	Common Stock	S	65	$225.07	Disposed	33218	Indirect
2017-05-24	Common Stock	S	845	$225.07	Disposed	747019	Indirect
2017-05-24	Common Stock	S	1827	$226.03	Disposed	378088	Indirect
2017-05-24	Common Stock	S	158	$226.03	Disposed	33060	Indirect
2017-05-24	Common Stock	S	2035	$226.03	Disposed	744984	Indirect
2017-05-24	Common Stock	S	260	$226.99	Disposed	377828	Indirect
2017-05-24	Common Stock	S	22	$226.99	Disposed	33038	Indirect
2017-05-24	Common Stock	S	289	$226.99	Disposed	744695	Indirect
2017-05-24	Common Stock	S	976	$228.12	Disposed	376852	Indirect
2017-05-24	Common Stock	S	84	$228.12	Disposed	32954	Indirect
2017-05-24	Common Stock	S	1087	$228.12	Disposed	743608	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 $222.34 to $223.08, 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 $223.39 to $224.38, 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 $224.53 to $225.51, 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 $225.59 to $226.41, 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 $226.72 to $227.60, 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 $227.80 to $228.54, 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.