ENCORE CAPITAL GROUP INC — Director's Dealing 2010

May 21, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ENCORE CAPITAL GROUP INC (ECPG)
CIK: 0001084961
Period of Report: 2010-05-19

Reporting Person: BLACK J BRANDON (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-26	Common Stock	G	7388	—	Disposed	136233	Direct
2010-03-26	Common Stock	G	7388	—	Acquired	7388	Indirect
2010-05-19	Common Stock	M	13125	$.51	Acquired	149358	Direct
2010-05-19	Common Stock	S	13125	$20.70	Disposed	136233	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-05-19	Employee Stock Option (right to buy)	$.51	M	13125	Disposed	2012-09-11	Common Stock (13125)	Direct

Footnotes

F1: These 7,388 shares were previously owned directly and were contributed by Mr. Black to The Black Family Trust as of March 26, 2010.

F2: The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 7, 2010.

F3: The shares were sold in multiple transactions on May 19, 2010 at per share prices ranging from $20.45 to $20.93, inclusive. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to supply the Staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price upon request.

F4: The shares became exercisable as to 69,445 shares on May 3, 2005, and as to 69,444 shares on each of May 3 2006 and September 11, 2007 and are fully vested.