ENCORE CAPITAL GROUP INC — Director's Dealing 2011

Nov 8, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ENCORE CAPITAL GROUP INC (ECPG)
CIK: 0001084961
Period of Report: 2007-08-24

Reporting Person: JCF FPK I LP (10% Owner)
Reporting Person: JCF Associates II-A LP (10% Owner)
Reporting Person: JCF Associates II-A LLC (10% Owner)
Reporting Person: JCF Associates II L.P. (10% Owner)
Reporting Person: JCF Associates II Ltd. (10% Owner)
Reporting Person: Flowers J. Christopher (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-08-24	Common Stock	A	13800	—	Acquired	13800	Indirect
2008-01-02	Common Stock	A	5931	—	Acquired	19731	Indirect
2008-07-01	Common Stock	A	5938	—	Acquired	22665	Indirect
2009-01-02	Common Stock	A	7575	—	Acquired	33244	Indirect
2009-07-01	Common Stock	A	4129	—	Acquired	37373	Indirect
2010-01-04	Common Stock	A	2980	—	Acquired	40353	Indirect
2010-07-01	Common Stock	A	2587	—	Acquired	42940	Indirect
2011-01-03	Common Stock	A	2100	—	Acquired	45040	Indirect
2011-07-01	Common Stock	A	804	—	Acquired	45844	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3971315	Direct

Footnotes

F1: These transactions represent grants of deferred issuance restricted stock units ("RSUs") to Timothy Hanford and John Oros as compensation for their service as directors of Encore Capital Group Inc. (the "Issuer"). In accordance with their employment arrangements with J.C. Flowers & Co. LLC ("JCF LLC"), RSUs granted to Messrs. Hanford and Oros are held by such individuals for the benefit of JCF LLC, and the shares issued upon the vesting of such RSUs, which occurs when the applicable individual resigns as a director of the Issuer, must be transferred to JCF LLC.

F2: These RSUs were held by Messrs. Hanford and Oros for the benefit of JCF LLC. Upon Mr. Hanford's resignation as a director of the Issuer on June 9, 2011, he transferred to JCF LLC the 23,214 shares that he received upon the vesting of the RSUs that had been granted to him. J. Christopher Flowers is the sole member of JCF LLC. The general partner of JCF FPK I L.P. is JCF Associates II-A L.P., the general partner of which is JCF Associates, II-A LLC, the sole member of which is JCF Associates II L.P., the general partner of which is JCF Associates II L.P., the sole director of which is Mr. Flowers. JCF FPK I L.P., JCF Associates II-A L.P., JCF Associates, II-A LLC and JCF Associates II L.P. may be deemed to have an indirect economic interest in the value of securities held by or for the benefit of JCF LLC, although they have no investment control over such securities.

F3: JCF LLC directly holds 23,214 shares. Mr. Oros holds 22,630 RSUs for the benefit of JCF LLC.

F4: These shares are directly held by JCF FPK I L.P.

F5: Each of JCF FPK I L.P., JCF Associates II-A L.P., JCF Associates II-A LLC, JCF Associates II L.P., JCF Associates II Ltd. and Mr. Flowers disclaims beneficial ownership of the securities reported herein except to the extent of any pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed to be an admission that any of JCF FPK I L.P., JCF Associates II-A L.P., JCF Associates II-A LLC, JCF Associates II L.P., JCF Associates II Ltd. or Mr. Flowers has beneficial ownership of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder or for any other purpose.