Edgar Filing: CREDIT ACCEPTANCE CORP

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:

3235-0287

Expires:

January 31, 2005

Estimated average burden hours per response...

0.5

(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Watson Jill Foss

2. Issuer Name and Ticker or Trading Symbol
CREDIT ACCEPTANCE CORP [CACC]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

29777 TELEGRAPH ROAD, SUITE 2611

3. Date of Earliest Transaction (Month/Day/Year)
05/09/2017

(Street)

SOUTHFIELD, MI 48034

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/09/2017		S		820	D	$ 215.44 ⁽¹⁾	454,737	I	See footnote ⁽²⁾
Common Stock	05/09/2017		S		71	D	$ 215.44 ⁽¹⁾	39,662	I	See footnote ⁽³⁾
Common Stock	05/09/2017		S		913	D	$ 215.44 ⁽¹⁾	830,359	I	See footnote ⁽⁴⁾
Common Stock	05/09/2017		S		286	D	$ 215.44 ⁽¹⁾	157,594	I	See footnote ⁽⁵⁾
Common Stock	05/09/2017		S		3,908	D	$ 216.66 ⁽⁶⁾	450,829	I	See footnote ⁽²⁾
Common Stock	05/09/2017		S		336	D	$ 216.66 ⁽⁶⁾	39,326	I	See footnote ⁽³⁾
Common Stock	05/09/2017		S		4,353	D	$ 216.66 ⁽⁶⁾	826,006	I	See footnote ⁽⁴⁾
Common Stock	05/09/2017		S		1,360	D	$ 216.66 ⁽⁶⁾	156,234	I	See footnote ⁽⁵⁾
Common Stock	05/09/2017		S		1,902	D	$ 217.48 ⁽⁷⁾	448,927	I	See footnote ⁽²⁾
Common Stock	05/09/2017		S		164	D	$ 217.48 ⁽⁷⁾	39,162	I	See footnote ⁽³⁾
Common Stock	05/09/2017		S		2,118	D	$ 217.48 ⁽⁷⁾	823,888	I	See footnote ⁽⁴⁾
Common Stock	05/09/2017		S		662	D	$ 217.48 ⁽⁷⁾	155,572	I	See footnote ⁽⁵⁾
Common Stock	05/10/2017		S		2,662	D	$ 215.41 ⁽⁸⁾	446,265	I	See footnote ⁽²⁾
Common Stock	05/10/2017		S		230	D	$ 215.41 ⁽⁸⁾	38,932	I	See footnote ⁽³⁾
Common Stock	05/10/2017		S		2,965	D	$ 215.41 ⁽⁸⁾	820,923	I	See footnote ⁽⁴⁾
Common Stock	05/10/2017		S		927	D	$ 215.41 ⁽⁸⁾	154,645	I	See footnote ⁽⁵⁾
Common Stock	05/10/2017		S		6,281	D	$ 216.41 ⁽⁹⁾	439,984	I	See footnote ⁽²⁾
Common Stock	05/10/2017		S		541	D	$ 216.41 ⁽⁹⁾	38,391	I	See footnote ⁽³⁾
Common Stock	05/10/2017		S		6,995	D	$ 216.41 ⁽⁹⁾	813,928	I	See footnote ⁽⁴⁾
Common Stock	05/10/2017		S		2,186	D	$ 216.41 ⁽⁹⁾	152,459	I	See footnote ⁽⁵⁾
Common Stock	05/10/2017		S		804	D	$ 217.25 ⁽¹⁰⁾	439,180	I	See footnote ⁽²⁾
Common Stock	05/10/2017		S		69	D	$ 217.25 ⁽¹⁰⁾	38,322	I	See footnote ⁽³⁾
Common Stock	05/10/2017		S		896	D	$ 217.25 ⁽¹⁰⁾	813,032	I	See footnote ⁽⁴⁾
Common Stock	05/10/2017		S		280	D	$ 217.25 ⁽¹⁰⁾	152,179	I	See footnote ⁽⁵⁾
Common Stock								58,154	I	See footnote ⁽¹¹⁾
Common Stock								58,154	I	See footnote ⁽¹²⁾
Common Stock								2,146	I	By Son ⁽¹³⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Watson Jill Foss 29777 TELEGRAPH ROAD SUITE 2611 SOUTHFIELD, MI 48034

Signatures

/s/ Bradley J. Wyatt, Attorney-in-Fact		05/11/2017
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	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 $215.80, 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.
(2)	These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson Living Trust.
(3)	These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson Irrevocable Trust.
(4)	These shares are owned of record by Jill Foss Watson, as Trustee of the Karol A. Foss Irrevocable Grandchildren's Trust.
(5)	These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson 2016 Grantor Retained Annuity Trust.
(6)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $216.11 to $217.10, 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.
(7)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $217.16 to $217.63, 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.
(8)	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 $215.95, 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.
(9)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $216.00 to $216.97, 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.
(10)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $217.04 to $217.59, 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 ranges set forth in the preceding sentence.
(11)	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.
(12)	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.
(13)	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.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.