ENCORE CAPITAL GROUP INC — Director's Dealing 2011

Jan 5, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ENCORE CAPITAL GROUP INC (ECPG)
CIK: 0001084961
Period of Report: 2011-01-03

Reporting Person: MESDAG WILLEM (Director, 10% Owner)
Reporting Person: RED MOUNTAIN CAPITAL PARTNERS LLC (Please refer to Remarks below.)
Reporting Person: RED MOUNTAIN CAPITAL PARTNERS III, L.P. (Please refer to Remarks below.)
Reporting Person: RMCP GP LLC (Please refer to Remarks below.)
Reporting Person: RED MOUNTAIN CAPITAL MANAGEMENT INC (Please refer to Remarks below.)
Reporting Person: RED MOUNTAIN CAPITAL PARTNERS II, L.P. (Please refer to Remarks below.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-03	Common Stock	A	1050	—	Acquired	21826	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	748009	Indirect
Common Stock	2687053	Indirect

Footnotes

F1: On January 3, 2011, Encore Capital Group, Inc. ("Encore") issued 1,050 deferred issuance restricted stock units ("RSUs") to Willem Mesdag, under the Encore 2005 Stock Incentive Plan, in connection with his service as a member of Encore's board of directors.

F2: These shares are in the form of RSUs. Each RSU represents the right to receive one share of Encore common stock. All of these RSUs are fully vested.

F3: These shares are held directly by Red Mountain Capital Partners II, L.P. ("RMCP II").

F4: These shares are held directly by Red Mountain Capital Partners III, L.P. ("RMCP III").