PRA GROUP INC — Director's Dealing 2011

Jan 26, 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: SCOTT JUDITH S (EVP-General Counsel, Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-14	Common Stock	A	822	$0.00	Acquired	13754.41	Direct

Footnotes

F1: These shares were granted pursuant to the Company's 2011 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, 2011. These shares represent the total time vested shares granted. The performance shares earned, if any, will be reported at the end of the performance period.