CREDIT ACCEPTANCE CORP — Director's Dealing 2017

May 5, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2017-05-03

Reporting Person: JONES STEVEN M (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-03	Common Stock	S	4000	$211.41	Disposed	89265	Direct
2017-05-03	Common Stock	S	16019	$212.10	Disposed	73246	Direct
2017-05-03	Common Stock	S	7523	$212.90	Disposed	65723	Direct
2017-05-03	Common Stock	S	8800	$214.02	Disposed	56923	Direct
2017-05-03	Common Stock	S	7002	$215.61	Disposed	49921	Direct
2017-05-03	Common Stock	S	21156	$216.14	Disposed	28765	Direct
2017-05-03	Common Stock	S	100	$217.25	Disposed	28665	Direct
2017-05-03	Common Stock	S	400	$218.33	Disposed	28265	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $211.11 to $211.59, 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 range set forth in the preceding sentence.

F2: Includes 8,290 restricted stock units that have vested under the Company's Incentive Compensation Plan.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $211.61 to $212.56, 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 range set forth in the preceding sentence.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $212.64 to $213.60, 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 range set forth in the preceding sentence.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $213.68 to $214.60, 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 range 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 $215.02 to $215.94, 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 range 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 $215.98 to $216.95, 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 range set forth in the preceding sentence.