Flanagan Glenda J Form 4 CREDIT ACCEPTANCE / Glenda J Flanagan ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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

1. Name and Address of Reporting Person^*

Flanagan Glenda J

(Last) (First) (Middle)

550 BOWIE STREET

(Street)

AUSTIN TX 78703

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/02/2018

4. If Amendment, Date of 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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/02/2018		S		452.77	D	$427.5(1)	19,980.23(2)	D
Common Stock	08/02/2018		S		410.77	D	$428.46(3)	19,569.46(2)	D
Common Stock	08/02/2018		S		507.69	D	$429.32(4)	19,061.77(2)	D
Common Stock	08/02/2018		S		969.23	D	$430.43(5)	18,092.54(2)	D
Common Stock	08/02/2018		S		1,167.23	D	$431.06(6)	16,925.31(2)	D
Common Stock	08/02/2018		S		876.92	D	$432	16,048.38(2)	D
Common Stock	08/02/2018		S		692.31	D	$435	15,356.08(2)	D
Common Stock	08/02/2018		S		923.08	D	$437	14,433(2)	D
Common Stock	08/02/2018		S		528.23	D	$427.5(1)	19,471.77(7)	I	By limited partnership
Common Stock	08/02/2018		S		479.23	D	$428.46(3)	18,992.54(7)	I	By limited partnership
Common Stock	08/02/2018		S		592.31	D	$429.32(4)	18,400.23(7)	I	By limited partnership
Common Stock	08/02/2018		S		1,130.77	D	$430.43(5)	17,269.46(7)	I	By limited partnership
Common Stock	08/02/2018		S		1,361.77	D	$431.06(6)	15,907.69(7)	I	By limited partnership
Common Stock	08/02/2018		S		1,023.08	D	$432	14,884.62(7)	I	By limited partnership
Common Stock	08/02/2018		S		807.69	D	$435	14,076.92(7)	I	By limited partnership
Common Stock	08/02/2018		S		1,076.92	D	$437	13,000(7)	I	By limited partnership

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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

2. Includes 3,200 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.

3. 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.

4. 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.

5. 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.

6. 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.

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

Remarks:

	/s/ Glenda J. Flanagan	08/06/2018
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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