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Filing Details

Accession Number:: 0001144204-12-052115
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-09-19 18:03:52
Reporting Period:: 2012-09-17

Filing Date:: 2012-09-19
Accepted Time:: 2012-09-19 18:03:52
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
885550	Credit Acceptance Corp	CACC	Personal Credit Institutions (6141)	381999511

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
926688	W Thomas Smith	323 Railroad Avenue Greenwich CT 06830		No	No	Yes	Yes
1203547	J Scott Vassalluzzo	323 Railroad Avenue Greenwich CT 06830		Yes	No	Yes	Yes

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2012-09-17	15,000	$90.37	44,648	No	4	S	Indirect	By Thomas W. Smith Foundation
Common Stock	Disposition	2012-09-18	8,272	$90.21	143,483	No	4	S	Indirect	By Scott J. Vassalluzzo Family Accounts
Common Stock	Disposition	2012-09-19	11,728	$89.58	131,755	No	4	S	Indirect	By Scott J. Vassalluzzo Family Accounts

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By Thomas W. Smith Foundation
No	4	S	Indirect	By Scott J. Vassalluzzo Family Accounts
No	4	S	Indirect	By Scott J. Vassalluzzo Family Accounts

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	60,475	Direct
Common Stock	1,709,407	Indirect	By Prescott Associates L.P.
Common Stock	1,501,623	Indirect	By Idoya Partners L.P.
Common Stock	71,778	Indirect	By Prescott International Partners L.P.
Common Stock	145,939	Indirect	By Prescott Investors Profit Sharing Trust
Common Stock	49,750	Indirect	By Thomas W. Smith Family Accounts
Common Stock	722,272	Direct

Footnotes

These shares are owned directly by the Thomas W. Smith Foundation (the "Foundation") and are beneficially owned indirectly by Thomas W. Smith as trustee of the Foundation. Mr. Smith disclaims beneficial ownership of these shares in excess of his pecuniary interest under 16a-8(b)(2)(ii). The address for the Foundation is 323 Railroad Avenue, Greenwich, CT 06830.
These shares are owned directly by investment accounts established for the benefit of certain family members of Scott J. Vassalluzzo. The inclusion of these shares in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or any other purpose and Mr. Vassalluzzo disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
These shares are owned directly by Scott J. Vassalluzzo and include 5,475 restricted stock units that have vested under the Issuer's Incentive Compensation Plan. Each restricted stock unit represents and has a value equal to one share of common stock of Credit Acceptance Corporation. Shares will be distributed to Mr. Vassalluzzo on February 22, 2016.
These shares are owned directly by Prescott Associates L.P. ("Prescott Associates"), a private investment limited partnership, and are beneficially owned indirectly by Prescott General Partners LLC ("PGP") as general partner of Prescott Associates. Messrs. Smith and Vassalluzzo are each a managing member of PGP. PGP disclaims beneficial ownership of these shares in excess of its pecuniary interest under Rule 16a-1(a)(2)(ii)(B). The address for Prescott Associates is 323 Railroad Avenue, Greenwich, CT 06830.
These shares are owned directly by Idoya Partners L.P. ("Idoya"), a private investment limited partnership, and are beneficially owned indirectly PGP as general partner of Idoya. PGP disclaims beneficial ownership of these shares in excess of its pecuniary interest under Rule 16a-1(a)(2)(ii)(B). The address for Idoya is 323 Railroad Ave, Greenwich, CT 06830.
These shares are owned directly by Prescott International Partners L.P. ("PIP"), a private investment limited partnership, and are beneficially owned indirectly by Prescott General Partners LLC ("PGP") as general partner of PIP. PGP disclaims beneficial ownership of these shares in excess of its pecuniary interest under Rule 16a-1(a)(2)(ii)(B). The address for PIP is 323 Railroad Avenue, Greenwich, CT 06830.
These shares are owned directly by the Prescott Investors Profit Sharing Trust (the "Trust") and are beneficially owned indirectly by Messrs. Smith and Vassalluzzo as trustees of the Trust. Each of Messrs. Smith and Vassalluzzo disclaims beneficial ownership of these shares in excess of his pecuniary interest under Rule 16a-8(b)(2)(ii). The address of the Trust is 323 Railroad Avenue, Greenwich, CT 06830.
These shares are owned directly by investment accounts established for the benefit of certain family members of Mr. Smith. The inclusion of these shares in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or any other purpose and Mr. Smith disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
These shares are owned directly by Thomas W. Smith.
The inclusion of these shares in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or any other purpose and each of Messrs. Smith and Vassalluzzo disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.