CREDIT ACCEPTANCE CORP — Director's Dealing 2017

May 17, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2017-05-15

Reporting Person: Watson Jill Foss (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-15	Common Stock	S	2159	$215.49	Disposed	435873	Indirect
2017-05-15	Common Stock	S	186	$215.49	Disposed	38036	Indirect
2017-05-15	Common Stock	S	2404	$215.49	Disposed	809348	Indirect
2017-05-15	Common Stock	S	752	$215.49	Disposed	150827	Indirect
2017-05-15	Common Stock	S	262	$215.49	Disposed	53346	Indirect
2017-05-15	Common Stock	S	262	$215.49	Disposed	53346	Indirect
2017-05-15	Common Stock	S	2058	$216.32	Disposed	433815	Indirect
2017-05-15	Common Stock	S	178	$216.32	Disposed	37858	Indirect
2017-05-15	Common Stock	S	2292	$216.32	Disposed	807056	Indirect
2017-05-15	Common Stock	S	716	$216.32	Disposed	150111	Indirect
2017-05-15	Common Stock	S	250	$216.32	Disposed	53096	Indirect
2017-05-15	Common Stock	S	250	$216.32	Disposed	53096	Indirect
2017-05-16	Common Stock	S	2564	$215.24	Disposed	431251	Indirect
2017-05-16	Common Stock	S	221	$215.24	Disposed	37637	Indirect
2017-05-16	Common Stock	S	2856	$215.24	Disposed	804200	Indirect
2017-05-16	Common Stock	S	892	$215.24	Disposed	149219	Indirect
2017-05-16	Common Stock	S	312	$215.24	Disposed	52784	Indirect
2017-05-16	Common Stock	S	312	$215.24	Disposed	52784	Indirect
2017-05-16	Common Stock	S	815	$216.26	Disposed	430436	Indirect
2017-05-16	Common Stock	S	70	$216.26	Disposed	37567	Indirect
2017-05-16	Common Stock	S	908	$216.26	Disposed	803292	Indirect
2017-05-16	Common Stock	S	283	$216.26	Disposed	148936	Indirect
2017-05-16	Common Stock	S	99	$216.26	Disposed	52685	Indirect
2017-05-16	Common Stock	S	99	$216.26	Disposed	52685	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 $215.00 to $215.99, 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: These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson 2016 Grantor Retained Annuity Trust.

F6: 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.

F7: 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.

F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $216.05 to $216.99, 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.

F9: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $215.00 to $215.86, 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 $216.09 to $217.00, 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 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.