CREDIT ACCEPTANCE CORP — Director's Dealing 2018

Aug 6, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREDIT ACCEPTANCE CORP (CACC)
CIK: 0000885550
Period of Report: 2018-08-02

Reporting Person: Flanagan Glenda J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-02	Common Stock	S	452.77	$427.50	Disposed	19980.23	Direct
2018-08-02	Common Stock	S	410.77	$428.46	Disposed	19569.46	Direct
2018-08-02	Common Stock	S	507.69	$429.32	Disposed	19061.77	Direct
2018-08-02	Common Stock	S	969.23	$430.43	Disposed	18092.54	Direct
2018-08-02	Common Stock	S	1167.23	$431.06	Disposed	16925.31	Direct
2018-08-02	Common Stock	S	876.92	$432.00	Disposed	16048.38	Direct
2018-08-02	Common Stock	S	692.31	$435.00	Disposed	15356.08	Direct
2018-08-02	Common Stock	S	923.08	$437.00	Disposed	14433	Direct
2018-08-02	Common Stock	S	528.23	$427.50	Disposed	19471.77	Indirect
2018-08-02	Common Stock	S	479.23	$428.46	Disposed	18992.54	Indirect
2018-08-02	Common Stock	S	592.31	$429.32	Disposed	18400.23	Indirect
2018-08-02	Common Stock	S	1130.77	$430.43	Disposed	17269.46	Indirect
2018-08-02	Common Stock	S	1361.77	$431.06	Disposed	15907.69	Indirect
2018-08-02	Common Stock	S	1023.08	$432.00	Disposed	14884.62	Indirect
2018-08-02	Common Stock	S	807.69	$435.00	Disposed	14076.92	Indirect
2018-08-02	Common Stock	S	1076.92	$437.00	Disposed	13000	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 $427.20 to $427.83, 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 this footnote (1) and in footnotes (3), (4), (5) and (6) to this Form 4.

F2: Includes 3,200 vested restricted stock units that were granted 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 $428.00 to $428.95, inclusive.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $429.00 to $429.99, inclusive.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $430.00 to $430.99, inclusive.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $431.00 to $431.445, inclusive.

F7: Shares are owned by GCM GP, LP. Ms. Flanagan disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein.