Credit Acceptance Form 4 / Jill Foss Watson 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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OMB Number:			3235-0287
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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^*

Watson Jill Foss

(Last)

(First)

(Middle)

29777 TELEGRAPH ROAD

SUITE 2611

(Street)

SOUTHFIELD

48034

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/03/2021

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)
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	08/03/2021		S		215	D	$536.48⁽¹⁾	119,912	I	See footnote⁽²⁾
Common Stock	08/03/2021		S		204	D	$537.64⁽³⁾	119,708	I	See footnote⁽²⁾
Common Stock	08/03/2021		S		264	D	$538.54⁽⁴⁾	119,444	I	See footnote⁽²⁾
Common Stock	08/03/2021		S		264	D	$539.66⁽⁵⁾	119,180	I	See footnote⁽²⁾
Common Stock	08/03/2021		S		135	D	$540.59⁽⁶⁾	119,045	I	See footnote⁽²⁾
Common Stock	08/03/2021		S		59	D	$541.61⁽⁷⁾	118,986	I	See footnote⁽²⁾
Common Stock	08/03/2021		S		37	D	$542.68⁽⁸⁾	118,949	I	See footnote⁽²⁾
Common Stock	08/03/2021		S		22	D	$543.79⁽⁹⁾	118,927	I	See footnote⁽²⁾
Common Stock	08/03/2021		S		915	D	$536.48⁽¹⁾	315,327	I	See footnote⁽¹⁰⁾
Common Stock	08/03/2021		S		867	D	$537.64⁽³⁾	314,460	I	See footnote⁽¹⁰⁾
Common Stock	08/03/2021		S		1,120	D	$538.54⁽⁴⁾	313,340	I	See footnote⁽¹⁰⁾
Common Stock	08/03/2021		S		1,124	D	$539.66⁽⁵⁾	312,216	I	See footnote⁽¹⁰⁾
Common Stock	08/03/2021		S		575	D	$540.59⁽⁶⁾	311,641	I	See footnote⁽¹⁰⁾
Common Stock	08/03/2021		S		248	D	$541.61⁽⁷⁾	311,393	I	See footnote⁽¹⁰⁾
Common Stock	08/03/2021		S		159	D	$542.68⁽⁸⁾	311,234	I	See footnote⁽¹⁰⁾
Common Stock	08/03/2021		S		92	D	$543.79⁽⁹⁾	311,142	I	See footnote⁽¹⁰⁾
Common Stock	08/03/2021		S		256	D	$536.59⁽¹¹⁾	59,890	I	See footnote⁽¹²⁾
Common Stock	08/03/2021		S		215	D	$537.91⁽¹³⁾	59,675	I	See footnote⁽¹²⁾
Common Stock	08/03/2021		S		352	D	$539.19⁽¹⁴⁾	59,323	I	See footnote⁽¹²⁾
Common Stock	08/03/2021		S		391	D	$540.26⁽¹⁵⁾	58,932	I	See footnote⁽¹²⁾
Common Stock	08/03/2021		S		27	D	$541.86	58,905	I	See footnote⁽¹²⁾
Common Stock	08/03/2021		S		59	D	$543.29	58,846	I	See footnote⁽¹²⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Call Options (Obligation to Sell)	$500							02/15/2022	02/15/2022	Common Stock	39,000		390	I	See footnote⁽¹⁰⁾
Call Options (Obligation to Sell)	$500							02/09/2022	02/09/2022	Common Stock	13,000		130	I	See footnote⁽²⁾

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 $536.08 to $537.03, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $537.11 to $538.08, 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.

4. 1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $538.22 to $539.21, 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.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $539.24 to $540.22, 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.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $540.32 to $541.22, 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 $541.35 to $541.92, 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 $542.46 to $543.19, 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 $543.58 to $544.04, 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. These shares are owned of record by Jill Foss Watson, as Trustee of the Karol A. Foss Irrevocable Grandchildren's Trust and of the Issue Trusts.

11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $536.11 to $537.03, 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.

12. These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson Irrevocable Trust.

13. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $537.11 to $538.08, 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.

14. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $538.70 to $539.64, 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.

15. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $539.83 to $540.63, 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.

	/s/ Bradley J. Wyatt, Attorney-in-Fact	08/05/2021
	** 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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.

Credit Acceptance (CACC) Form 4CREDIT ACCEPTANCE / Jill Foss Watson ownership change