ENCORE CAPITAL GROUP INC — Director's Dealing 2012

Feb 17, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ENCORE CAPITAL GROUP INC (ECPG)
CIK: 0001084961
Period of Report: 2012-02-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-14	Common Stock	M	46667	$2.89	Acquired	115705	Direct
2012-02-14	Common Stock	F	24768	$24.10	Disposed	90937	Direct
2012-02-15	Common Stock	G	8101	—	Disposed	40694	Indirect
2012-02-15	Common Stock	G	8101	—	Acquired	99038	Direct
2012-02-15	Common Stock	S	30000	$24.22	Disposed	69038	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-14	Employee Stock Option (right to buy)	$2.89	M	46667	Disposed	2019-03-09	Common Stock (46667)	Direct

Footnotes

F1: Reflects shares of common stock withheld by the issuer to satisfy tax withholding obligations in connection with vesting of restricted stock units.

F2: Represents gift of shares to Mr. Black from the Black Family Trust.

F3: The Option shall vest and be exercisable as follows: (a) One third of such shares of Common Stock shall vest and be exercisable on or after March 9, 2010; (b) an additional one third of such shares of Common Stock shall vest and be exercisable on or after March 9, 2011; and (c) the remaining one third of such shares of Common Stock shall be exercisable on or after March 9, 2012.