CREDIT ACCEPTANCE CORP — Director's Dealing 2017

May 23, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2017-05-19

Reporting Person: Watson Jill Foss (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-19	Common Stock	S	215	$215.60	Disposed	424599	Indirect
2017-05-19	Common Stock	S	19	$215.60	Disposed	37064	Indirect
2017-05-19	Common Stock	S	239	$215.60	Disposed	796793	Indirect
2017-05-19	Common Stock	S	466	$216.83	Disposed	424133	Indirect
2017-05-19	Common Stock	S	40	$216.83	Disposed	37024	Indirect
2017-05-19	Common Stock	S	519	$216.83	Disposed	796274	Indirect
2017-05-19	Common Stock	S	72	$217.60	Disposed	424062	Indirect
2017-05-19	Common Stock	S	6	$217.60	Disposed	37018	Indirect
2017-05-19	Common Stock	S	80	$217.60	Disposed	796194	Indirect
2017-05-19	Common Stock	S	251	$219.08	Disposed	423811	Indirect
2017-05-19	Common Stock	S	22	$219.08	Disposed	36996	Indirect
2017-05-19	Common Stock	S	279	$219.08	Disposed	795915	Indirect
2017-05-19	Common Stock	S	394	$220.17	Disposed	423417	Indirect
2017-05-19	Common Stock	S	34	$220.17	Disposed	36962	Indirect
2017-05-19	Common Stock	S	439	$220.17	Disposed	795476	Indirect
2017-05-19	Common Stock	S	8885	$221.56	Disposed	414532	Indirect
2017-05-19	Common Stock	S	764	$221.56	Disposed	36198	Indirect
2017-05-19	Common Stock	S	9897	$221.56	Disposed	785579	Indirect
2017-05-19	Common Stock	S	2840	$222.35	Disposed	411692	Indirect
2017-05-19	Common Stock	S	244	$222.35	Disposed	35954	Indirect
2017-05-19	Common Stock	S	3164	$222.35	Disposed	782415	Indirect
2017-05-19	Common Stock	S	1986	$223.72	Disposed	409706	Indirect
2017-05-19	Common Stock	S	171	$223.72	Disposed	35783	Indirect
2017-05-19	Common Stock	S	2213	$223.72	Disposed	780202	Indirect
2017-05-19	Common Stock	S	931	$224.45	Disposed	408774	Indirect
2017-05-19	Common Stock	S	80	$224.45	Disposed	35703	Indirect
2017-05-19	Common Stock	S	1038	$224.45	Disposed	779164	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 $215.41 to $216.24, 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 $216.46 to $217.34, 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 $217.47 to $217.72, 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 $218.49 to $219.44, 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 $219.96 to $220.74, 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 $221.04 to $222.03, 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 $222.06 to $222.94, 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.

F11: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $223.16 to $224.14, 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.

F12: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $224.18 to $224.99, 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.