Sec Form 4 Filing - Watson Jill Foss @ CREDIT ACCEPTANCE CORP - 2016-04-22

Insider filing report for Changes in Beneficial Ownership
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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
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
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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 X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
25505 W 12 MILE RD, SUITE 4125
3. Date of Earliest Transaction (MM/DD/YY)
04/22/2016
(Street)
SOUTHFIELD, MI48034
4. If Amendment, Date Original Filed (MM/DD/YY)
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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 04/22/2016 S 9,000 D $ 203.3102 273,109 I See footnote ( 1 )
Common Stock 04/22/2016 S 1,912 D $ 198 271,197 I See footnote ( 2 )
Common Stock 04/25/2016 S 2,973 D $ 198.0341 268,224 I See footnote ( 3 )
Common Stock 04/26/2016 S 1,115 D $ 199.36 267,109 I See footnote ( 4 )
Common Stock 659,929 I See footnote ( 5 )
Common Stock 1,402,599 I See footnote ( 6 )
Common Stock 68,011 I See footnote ( 7 )
Common Stock 270,000 I See footnote ( 8 )
Common Stock 2,146 ( 9 ) I By son
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Watson Jill Foss
25505 W 12 MILE RD
SUITE 4125
SOUTHFIELD, MI48034
X
Signatures
Bradley J. Wyatt, Attorney-in-Fact 04/26/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson 2014 Grantor Retained Annuity Trust. The total number of shares further reflects a transfer of 117,891 shares from the Jill Foss Watson 2014 Grantor Retained Annuity Trust to the Jill Foss Watson Living Trust.
( 2 )These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson 2014 Grantor Retained Annuity Trust.
( 3 )These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson 2014 Grantor Retained Annuity Trust.
( 4 )These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson 2014 Grantor Retained Annuity Trust.
( 5 )These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson Living Trust. The total number of shares reflects a transfer of 270,000 shares from the Jill Foss Watson Living Trust to the Jill Foss Watson 2016 Grantor Retained Annual Trust, as well as a transfer of 117,891 shares from the Jill Foss Watson 2014 Grantor Retained Annual Trust to the Jill Foss Watson Living Trust.
( 6 )These shares are owned of record by Jill Foss Watson, as Trustee of the Karol A. Foss Irrevocable Grandchildren's Trust.
( 7 )These shares are owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson Irrevocable Trust.
( 8 )These shares are owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson 2016 Grantor Retained Annuity Trust. The total reflects a transfer of 270,000 shares from the Jill Foss Watson Living Trust to the Jill Foss Watson 2016 Grantor Retained Annuity Trust.
( 9 )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.

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