ENCORE CAPITAL GROUP INC — Director's Dealing 2011

Mar 15, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ENCORE CAPITAL GROUP INC (ECPG)
CIK: 0001084961
Period of Report: 2011-03-11

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
2011-03-11	Common Stock	S	230311	$25.35	Disposed	3971315	Direct

Footnotes

F1: This amount represents the $26.00 secondary public offering price per share of common stock of the Issuer less the underwriting discount of $0.65 per share.

F2: These shares are held directly by JCF FPK I L.P., the general partner of which 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 J. Christopher Flowers.

F3: Each of 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 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.