SEC FORM 4

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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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^*

FORD GERALD J

(Last)

(First)

(Middle)

200 CRESCENT COURT

SUITE 1350

(Street)

DALLAS

75201

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST ACCEPTANCE CORP /DE/ [ FAC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/14/2007

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	12/14/2007		P		100	A	$3.88	11,919,508⁽¹⁾	I	By Hunter's Glen/Ford, Ltd.
Common Stock	12/14/2007		P		244,246	A	$3.9	12,163,754⁽¹⁾	I	By Hunter's Glen/Ford, Ltd.
Common Stock	12/14/2007		P		200	A	$3.91	12,163,954⁽¹⁾	I	By Hunter's Glen/Ford, Ltd.
Common Stock	12/14/2007		P		600	A	$3.97	12,164,554⁽¹⁾	I	By Hunter's Glen/Ford, Ltd.
Common Stock	12/14/2007		P		1,100	A	$3.98	12,165,654⁽¹⁾	I	By Hunter's Glen/Ford, Ltd.
Common Stock	12/14/2007		P		1,500	A	$3.99	12,167,154⁽¹⁾	I	By Hunter's Glen/Ford, Ltd.
Common Stock	12/14/2007		P		111,900	A	$4	12,279,054⁽¹⁾	I	By Hunter's Glen/Ford, Ltd.
Common Stock	12/14/2007		P		600	A	$4.01	12,279,654⁽¹⁾	I	By Hunter's Glen/Ford, Ltd.
Common Stock	12/14/2007		P		2,900	A	$4.02	12,282,554⁽¹⁾	I	By Hunter's Glen/Ford, Ltd.
Common Stock	12/14/2007		P		9,700	A	$4.03	12,292,254⁽¹⁾	I	By Hunter's Glen/Ford, Ltd.
Common Stock	12/14/2007		P		1,800	A	$4.04	12,294,054⁽¹⁾	I	By Hunter's Glen/Ford, Ltd.
Common Stock	12/14/2007		P		10,200	A	$4.05	12,304,254⁽¹⁾	I	By Hunter's Glen/Ford, Ltd.
Common Stock	12/14/2007		P		4,400	A	$4.06	12,308,654⁽¹⁾	I	By Hunter's Glen/Ford, Ltd.
Common Stock	12/14/2007		P		100	A	$4.07	12,308,754⁽¹⁾	I	By Hunter's Glen/Ford, Ltd.
Common Stock	12/14/2007		P		1,100	A	$4.08	12,309,854⁽¹⁾	I	By Hunter's Glen/Ford, Ltd.
Common Stock	12/14/2007		P		600	A	$4.1	12,310,454⁽¹⁾	I	By Hunter's Glen/Ford, Ltd.
Common Stock	12/14/2007		P		400	A	$4.12	12,310,854⁽¹⁾	I	By Hunter's Glen/Ford, Ltd.
Common Stock	12/14/2007		P		100	A	$4.13	12,310,954⁽¹⁾	I	By Hunter's Glen/Ford, Ltd.
Common Stock	12/14/2007		P		1,000	A	$4.14	12,311,954⁽¹⁾	I	By Hunter's Glen/Ford, Ltd.
Common Stock	12/14/2007		P		200	A	$4.16	12,312,154⁽¹⁾	I	By Hunter's Glen/Ford, Ltd.
Common Stock	12/14/2007		P		900	A	$4.17	12,313,054⁽¹⁾	I	By Hunter's Glen/Ford, Ltd.
Common Stock	12/14/2007		P		900	A	$4.18	12,313,954⁽¹⁾	I	By Hunter's Glen/Ford, Ltd.
Common Stock	12/14/2007		P		3,900	A	$4.19	12,317,854⁽¹⁾	I	By Hunter's Glen/Ford, Ltd.
Common Stock	12/14/2007		P		1,800	A	$4.2	12,319,654⁽¹⁾	I	By Hunter's Glen/Ford, Ltd.
Common Stock								563,728⁽¹⁾	D
Common Stock								1,229,718⁽¹⁾	I	By Turtle Creek Revocable Trust

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)

Explanation of Responses:

1. This statement is filed on behalf of Gerald J. Ford (the "Reporting Person") in respect of shares of common stock ("Common Stock") of First Acceptance Corp., a Delaware corporation (the "Issuer"), beneficially owned by the Reporting Person, Hunter's Glen/Ford, Ltd. ("HG/F") and Turtle Creek Revocable Trust (the "Trust"). The Reporting Person is the general partner of HG/F and is the sole shareholder of Ford Diamond Corporation, the other general partner of HG/F. The Reporting Person is the settlor and sole trustee of the Trust. The Reporting Person disclaims beneficial ownership of the securities reported in this filing in excess of the pecuniary interest of the Reporting Person in such securities, if any, and this filing shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of such securities.

	/s/ Gerald J. Ford	12/18/2007
	** 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.
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