CREDIT ACCEPTANCE CORP — Director's Dealing 2017

May 25, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2017-05-23

Reporting Person: Watson Jill Foss (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-23	Common Stock	S	287	$223.33	Disposed	399987	Indirect
2017-05-23	Common Stock	S	25	$223.33	Disposed	34946	Indirect
2017-05-23	Common Stock	S	319	$223.33	Disposed	769377	Indirect
2017-05-23	Common Stock	S	466	$224.33	Disposed	399521	Indirect
2017-05-23	Common Stock	S	40	$224.33	Disposed	34906	Indirect
2017-05-23	Common Stock	S	519	$224.33	Disposed	768858	Indirect
2017-05-23	Common Stock	S	739	$225.32	Disposed	398782	Indirect
2017-05-23	Common Stock	S	64	$225.32	Disposed	34842	Indirect
2017-05-23	Common Stock	S	823	$225.32	Disposed	768035	Indirect
2017-05-23	Common Stock	S	4265	$226.56	Disposed	394517	Indirect
2017-05-23	Common Stock	S	367	$226.56	Disposed	34475	Indirect
2017-05-23	Common Stock	S	4751	$226.56	Disposed	763284	Indirect
2017-05-23	Common Stock	S	2907	$227.57	Disposed	391610	Indirect
2017-05-23	Common Stock	S	250	$227.57	Disposed	34225	Indirect
2017-05-23	Common Stock	S	3238	$227.57	Disposed	760046	Indirect
2017-05-23	Common Stock	S	3320	$228.22	Disposed	388290	Indirect
2017-05-23	Common Stock	S	286	$228.22	Disposed	33939	Indirect
2017-05-23	Common Stock	S	3698	$228.22	Disposed	756348	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 $222.72 to $223.72, 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.

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 $223.80 to $224.80, 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 $224.83 to $225.82, 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.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $225.97 to $226.92, 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 $226.98 to $227.95, 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.

F9: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $228.00 to $228.52, 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.