Credit
Acceptance Corporation |
(Name
of Issuer) |
Common
Stock |
(Title
of Class of Securities) |
225310
10 1 |
(CUSIP
Number) |
Michael
T. Raymond
Dickinson
Wright, PLLC
2600
W. Big Beaver Rd., Suite 300
Troy,
Michigan 48084-3312
248-433-7274 |
(Name,
Address and Telephone Number of Person Authorized to Receive Notices and
Communications) |
April 1, 2014 |
(Date
of Event Which Requires Filing of this
Statement) |
CUSIP
No. 225310 10 1
|
SCHEDULE
13D |
Page
2 of 10 Pages |
1 |
NAME
OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
The
Donald A. Foss 2009 Remainder Trust
|
|||
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS)
|
(a)
o
(b)
o | ||
3 |
SEC
USE ONLY
|
|||
4 |
SOURCE
OF FUNDS (SEE INSTRUCTIONS)
OO
|
|||
5 |
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
or 2(e)
|
o | ||
6 |
CITIZENSHIP
OR PLACE OF ORGANIZATION
Michigan
|
|||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH: |
7 |
SOLE
VOTING POWER
0
| ||
8 |
SHARED
VOTING POWER
1,035,323 | |||
9 |
SOLE
DISPOSITIVE POWER
0 | |||
10 |
SHARED
DISPOSITIVE POWER 0 | |||
11 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,035,323 |
|||
12 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN
SHARES (SEE INSTRUCTIONS)
|
o | ||
13 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.6%* |
|||
14 |
TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
OO |
CUSIP
No. 225310 10 1
|
SCHEDULE
13D |
Page
3 of 10 Pages |
1 |
NAME
OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
The
Donald A. Foss 2010 Remainder Trust
|
|||
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS)
|
(a)
o
(b)
o | ||
3 |
SEC
USE ONLY
|
|||
4 |
SOURCE
OF FUNDS (SEE INSTRUCTIONS)
OO
|
|||
5 |
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
or 2(e)
|
o | ||
6 |
CITIZENSHIP
OR PLACE OF ORGANIZATION
Michigan
|
|||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH: |
7 |
SOLE
VOTING POWER
0
| ||
8 |
SHARED
VOTING POWER
728,821 | |||
9 |
SOLE
DISPOSITIVE POWER
0 | |||
10 |
SHARED
DISPOSITIVE POWER
0 | |||
11 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
728,821 |
|||
12 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN
SHARES (SEE INSTRUCTIONS)
|
o | ||
13 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.2%* |
|||
14 |
TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
OO |
CUSIP
No. 225310 10 1
|
SCHEDULE
13D |
Page
4 of 10 Pages |
1 |
NAME
OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Jill
Foss Watson Living Trust
|
|||
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS)
|
(a)
o
(b)
o | ||
3 |
SEC
USE ONLY
|
|||
4 |
SOURCE
OF FUNDS (SEE INSTRUCTIONS)
OO
|
|||
5 |
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
or 2(e)
|
o | ||
6 |
CITIZENSHIP
OR PLACE OF ORGANIZATION
Michigan
|
|||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH: |
7 |
SOLE
VOTING POWER
1,544,133
| ||
8 |
SHARED
VOTING POWER
0 | |||
9 |
SOLE
DISPOSITIVE POWER
1,544,133 | |||
10 |
SHARED
DISPOSITIVE POWER
0 | |||
11 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,544,133 |
|||
12 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN
SHARES (SEE INSTRUCTIONS)
|
o | ||
13 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%* |
|||
14 |
TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
OO |
CUSIP
No. 225310 10 1
|
SCHEDULE
13D |
Page
5 of 10 Pages |
1 |
NAME
OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Jill Foss Watson Irrevocable Trust
|
|||
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS)
|
(a)
o
(b)
o | ||
3 |
SEC
USE ONLY
|
|||
4 |
SOURCE
OF FUNDS (SEE INSTRUCTIONS)
OO
|
|||
5 |
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
or 2(e)
|
o | ||
6 |
CITIZENSHIP
OR PLACE OF ORGANIZATION
Michigan
|
|||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH: |
7 |
SOLE
VOTING POWER
91,958
| ||
8 |
SHARED
VOTING POWER
0 | |||
9 |
SOLE
DISPOSITIVE POWER
91,958 | |||
10 |
SHARED
DISPOSITIVE POWER
0 | |||
11 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
91,958 |
|||
12 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN
SHARES (SEE INSTRUCTIONS)
|
o | ||
13 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.41%* |
|||
14 |
TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
OO |
CUSIP
No. 225310 10 1
|
SCHEDULE
13D |
Page
6 of 10 Pages |
1 |
NAME
OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Karol
A. Foss Irrevocable Grandchildrens Trust
|
|||
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS)
|
(a)
o
(b)
o | ||
3 |
SEC
USE ONLY
|
|||
4 |
SOURCE
OF FUNDS (SEE INSTRUCTIONS)
OO
|
|||
5 |
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
or 2(e)
|
o | ||
6 |
CITIZENSHIP
OR PLACE OF ORGANIZATION
Florida
|
|||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH: |
7 |
SOLE
VOTING POWER
1,896,464
| ||
8 |
SHARED
VOTING POWER
0 | |||
9 |
SOLE
DISPOSITIVE POWER
1,896,464 | |||
10 |
SHARED
DISPOSITIVE POWER
0 | |||
11 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,896,464 |
|||
12 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN
SHARES (SEE INSTRUCTIONS)
|
o | ||
13 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.4%* |
|||
14 |
TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
OO |
CUSIP
No. 225310 10 1
|
SCHEDULE
13D |
Page
7 of 10 Pages |
1 |
NAME
OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Jill
Foss Watson
|
|||
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS)
|
(a)
o
(b)
o | ||
3 |
SEC
USE ONLY
|
|||
4 |
SOURCE
OF FUNDS (SEE INSTRUCTIONS)
OO
|
|||
5 |
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
or 2(e)
|
o | ||
6 |
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
|
|||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH: |
7 |
SOLE
VOTING POWER
3,534,701
| ||
8 |
SHARED
VOTING POWER
1,764,144 | |||
9 |
SOLE DISPOSITIVE POWER
3,534,701 | |||
10 |
SHARED
DISPOSITIVE POWER
0 | |||
11 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,298,845** |
|||
12 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN
SHARES (SEE INSTRUCTIONS)
|
o | ||
13 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.5%* |
|||
14 |
TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
IN |
CUSIP
No. 225310 10 1
|
SCHEDULE
13D |
Page
8 of 10 Pages |
Reporting Person |
Amount
beneficially owned: |
Percent
of Class* |
Sole
power to vote or direct the vote: |
Shared
power to vote or to direct the vote: |
Sole
power to dispose or to direct the disposition of: |
Shared
power to dispose or to direct the disposition of: |
The
Donald A. Foss 2009 Remainder Trust
|
1,035,323 |
4.6% |
0 |
1,035,323 |
0 |
0 |
The
Donald A. Foss 2010 Remainder Trust
|
728,821
|
3.2% |
0 |
728,821
|
0 |
0 |
Jill
Foss Watson Living Trust
|
1,544,133 |
6.9% |
1,544,133 |
0 |
1,544,133 |
0 |
Jill
Foss Watson Irrevocable
Trust** |
91,958 |
.41% |
91,958 |
0 |
91,958 |
0 |
Karol
A. Foss Irrevocable Grandchildrens Trust**
|
1,896,464 |
8.4%
|
1,896,464 |
0 |
1,896,464 |
0 |
Jill
Foss Watson** |
5,298,845 |
23.5% |
3,534,701
|
1,764,144 |
3,534,701 |
0 |
CUSIP
No. 225310 10 1
|
SCHEDULE
13D |
Page 9 of 10 Pages |
**Mrs. Foss Watson is the trustee of the Donald A. Foss 2009 Remainder Trust, the Donald A. Foss 2010 Remainder Trust and the Karol A. Foss Irrevocable Grandchildren’s Trust. Mrs. Foss Watson disclaims beneficial ownership of these shares owned by such trusts. Includes 2,146 shares held by Mrs. Foss Watson as UTMA custodian.
No change.
Date: April 10, 2014 |
The
Donald A. Foss 2009 Remainder Trust |
||||
/s/ Jill Foss Watson | |||||
Name:
Jill Foss Watson |
|||||
Title:
Trustee |
|||||
The
Donald A. Foss 2010 Remainder Trust
|
|||||
/s/ Jill Foss Watson |
|||||
Name:
Jill Foss Watson |
|||||
Title:
Trustee |
|||||
Jill Foss Watson Living Trust | |||||
/s/ Jill Foss Watson |
|||||
Name:
Jill Foss Watson |
|||||
Title:
Trustee |
|||||
Jill
Foss Watson Irrevocable Trust
|
|||||
/s/ Jill Foss Watson | |||||
Name:
Jill Foss Watson |
|||||
Title:
Trustee |
|||||
Karol
A. Foss Irrevocable Grandchildrens Trust
|
|||||
/s/ Jill Foss Watson |
|||||
Name:
Jill Foss Watson |
|||||
Title:
Trustee |
|||||
/s/ Jill Foss Watson |
|||||
Name:
Jill Foss Watson |