PRA GROUP INC — Director's Dealing 2011

Jan 19, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PORTFOLIO RECOVERY ASSOCIATES INC (PRAA)
CIK: 0001185348
Period of Report: 2011-01-14

Reporting Person: FREDRICKSON STEVEN D (Director, President, CEO, Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-14	Common Stock	A	1601	$0.00	Acquired	132463	Direct

Footnotes

F1: These shares vested pursuant to the Company's 2010 Long Term Equity Incentive Plan in which the reporting person was granted both performance based and time vested restricted shares. The time vested shares vest ratably over a three year period beginning on the anniversary of the grant which was January 14, 2010. These shares represent the first annual vesting of the time vested shares granted. The performance shares earned, if any, will be reported at the end of the performance period.