PRA GROUP INC — Director's Dealing 2011

Jan 12, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PORTFOLIO RECOVERY ASSOCIATES INC (PRAA)
CIK: 0001185348
Period of Report: 2011-01-10

Reporting Person: ROBERTS DAVID N (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-10	Common Stock	M	5000	$29.79	Acquired	62071	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-10	Stock options (right to buy)	$29.79	M	1000	Disposed	2011-01-16	Common stock (1000)	Direct
2011-01-10	Stock options (right to buy)	$29.79	M	1000	Disposed	2011-01-16	Common stock (1000)	Direct
2011-01-10	Stock options (right to buy)	$29.79	M	1000	Disposed	2011-01-16	Common stock (1000)	Direct
2011-01-10	Stock options (right to buy)	$29.79	M	1000	Disposed	2011-01-16	Common stock (1000)	Direct
2011-01-10	Stock options (right to buy)	$29.79	M	1000	Disposed	2011-01-16	Common stock (1000)	Direct

Footnotes

F1: Aggregate ownership by Reporting Person consists of (i) 15,164 of shares of stock owned directly and (ii) 46,907 shares of stock owned indirectly.