PRA GROUP INC — Director's Dealing 2011

Feb 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PORTFOLIO RECOVERY ASSOCIATES INC (PRAA)
CIK: 0001185348
Period of Report: 2011-02-18

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-18	Common Stock	S	8536	$85.02	Disposed	87256	Direct
2011-02-18	Common Stock	J	37208	$0.00	Disposed	18694	Indirect
2011-02-18	Common Stock	J	37208	$0.00	Acquired	124464	Direct
2011-02-22	Common Stock	G	3750	$0.00	Disposed	120714	Direct

Footnotes

F1: The sale prices for this transaction ranged from $85.00 to $85.12. The filer hereby agrees to provide, upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F2: Transfer of 37,208 shares from a Grantor Retained Annuity Trust under section 2702 of the Internal Revenue Code, of which the reporting person is the Trustee, to the reporting person directly.