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Filing Details

Accession Number:: 0001209191-11-018037
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-03-15 13:00:00
Reporting Period:: 2011-03-11

Filing Date:: 2011-03-15
Accepted Time:: 2011-03-15 16:06:23
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
901185	A Donald Foss	25505 West Twelve Mile Road Southfield MI 48034	Chairman	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2011-03-11	431,410	$65.63	3,234,778	No	4	S	Direct
Common Stock	Disposition	2011-03-11	438,757	$65.63	3,289,871	No	4	S	Indirect	By ex-wife's trust
Common Stock	Disposition	2011-03-11	176,490	$65.63	1,323,349	No	4	S	Indirect	By son through grantor retained annuity trust
Common Stock	Disposition	2011-03-11	487,725	$65.63	3,657,042	No	4	S	Indirect	By daughter's trusts
Common Stock	Disposition	2011-03-11	190,815	$65.63	1,430,759	No	4	S	Indirect	By daughter through grantor retained annuity trust
Common Stock	Disposition	2011-03-11	117,673	$65.63	882,327	No	4	S	Indirect	By son through grantor retained annuity trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Indirect	By ex-wife's trust
No	4	S	Indirect	By son through grantor retained annuity trust
No	4	S	Indirect	By daughter's trusts
No	4	S	Indirect	By daughter through grantor retained annuity trust
No	4	S	Indirect	By son through grantor retained annuity trust

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	83,166	Indirect	By limited liability company

Footnotes

Shares are owned of record by Karol A. Foss, as Trustee of the Karol A. Foss Revocable Trust Under Agreement dated January 16, 1981, as amended and restated on January 26, 1984, June 28, 1990, December 10, 1997 and April 1, 2005. Pursuant to an agreement dated December 6, 2001, Mr. Foss has sole voting power and dispositive power over such shares but Ms. Foss and her Trusts have the right to receive any dividends on and any proceeds from the sale of such shares.
On September 3, 2009, the reporting person contributed shares of Credit Acceptance common stock to a grantor retained annuity trust for the benefit of himself as annuitant and his minor child as remainderman.
Shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson Trust Under Agreement dated March 28, 2007 and the Karol A. Foss Irrevocable Grandchildren's Trust dated December 22, 2008. Mr. Foss has sole voting power and dispositive power over such shares but Ms. Foss Watson and her Trusts have the right to receive any dividends on and any proceeds from the sale of such shares.
On May 20, 2010, the reporting person contributed shares of Credit Acceptance common stock to a grantor retained annuity trust for the benefit of himself as annuitant and his minor child as reminderman.
On January 14, 2011 and February 18, 2011, the reporting person contributed shares of Credit Acceptance common stock to a grantor retained annuity trust for the benefit of himself as annuitant and his child as reminderman.
Shares are owned by a limited liability company in which Mr. Foss has a 20% interest.