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*
ROSENCRANTS THOMAS G
(Last) (First) (Middle)
C/O GREYSTONE CAPITAL PARTNERS I, LP
7000 ASHWOOD PARKWAY, SUITE 560
(Street)
ATLANTA GA 30328
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
COMPUCREDIT CORP [ CCRT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
12/28/2007
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)
Code V Amount (A) or (D) Price
Common Stock 12/28/2007 S 700 D $9.3601 49,300 I By partnership(1)
Common Stock 12/28/2007 S 300 D $9.3608 49,000 I By partnership(1)
Common Stock 12/28/2007 S 400 D $9.3901 48,600 I By partnership(1)
Common Stock 12/28/2007 S 5,300 D $9.3904 43,300 I By partnership(1)
Common Stock 12/28/2007 S 300 D $9.4 43,000 I By partnership(1)
Common Stock 12/28/2007 S 700 D $9.4301 42,300 I By partnership(1)
Common Stock 12/28/2007 S 300 D $9.4312 42,000 I By partnership(1)
Common Stock 12/28/2007 S 1,000 D $9.44 41,000 I By partnership(1)
Common Stock 12/28/2007 S 1,000 D $9.442 40,000 I By partnership(1)
Common Stock 12/28/2007 S 1,734 D $9.45 38,266 I By partnership(1)
Common Stock 12/28/2007 S 3,636 D $9.4501 34,630 I By partnership(1)
Common Stock 12/28/2007 S 1,600 D $9.4504 33,030 I By partnership(1)
Common Stock 12/28/2007 S 1,600 D $9.4508 31,430 I By partnership(1)
Common Stock 12/28/2007 S 400 D $9.451 31,030 I By partnership(1)
Common Stock 12/28/2007 S 100 D $9.455 30,930 I By partnership(1)
Common Stock 12/28/2007 S 500 D $9.46 30,430 I By partnership(1)
Common Stock 12/28/2007 S 100 D $9.4601 30,330 I By partnership(1)
Common Stock 12/28/2007 S 100 D $9.461 30,230 I By partnership(1)
Common Stock 12/28/2007 S 200 D $9.4615 30,030 I By partnership(1)
Common Stock 12/28/2007 S 930 D $9.47 29,100 I By partnership(1)
Common Stock 12/28/2007 S 600 D $9.4701 28,500 I By partnership(1)
Common Stock 12/28/2007 S 300 D $9.4708 28,200 I By partnership(1)
Common Stock 12/28/2007 S 200 D $9.4805 28,000 I By partnership(1)
Common Stock 12/28/2007 S 700 D $9.4901 27,300 I By partnership(1)
Common Stock 12/28/2007 S 300 D $9.4916 27,000 I By partnership(1)
Common Stock 12/28/2007 S 1,000 D $9.5116 26,000 I By partnership(1)
Common Stock 12/28/2007 S 300 D $9.53 25,700 I By partnership(1)
Common Stock 12/28/2007 S 700 D $9.5301 25,000 I By partnership(1)
Common Stock 36,940 D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. By Greystone Captial Partners I, LP. 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.
/s/ THOMAS G ROSENCRANTS 12/31/2007
** 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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