PRA GROUP INC — Director's Dealing 2012

Aug 3, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PORTFOLIO RECOVERY ASSOCIATES INC (PRAA)
CIK: 0001185348
Period of Report: 2012-08-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-02	Common Stock	S	600	$92.40	Disposed	142651	Direct
2012-08-02	Common Stock	S	1800	$93.95	Disposed	140851	Direct
2012-08-02	Common Stock	S	1800	$94.83	Disposed	139051	Direct
2012-08-02	Common Stock	S	7600	$96.00	Disposed	131451	Direct
2012-08-02	Common Stock	S	3100	$96.83	Disposed	128351	Direct
2012-08-02	Common Stock	S	1816	$98.25	Disposed	126535	Direct
2012-08-02	Common Stock	S	2884	$98.89	Disposed	123651	Direct
2012-08-02	Common Stock	S	400	$100.07	Disposed	123251	Direct

Footnotes

F1: These sales are pursuant to a Rule 10b5-1 plan dated November 16, 2011. There are no shares remaining to be sold under this plan.

F2: The sale prices for this transaction ranged from $92.00 to $92.97. 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.

F3: The sale prices for this transaction ranged from $93.31 to $94.27. 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.

F4: The sale prices for this transaction ranged from $94.33 to $95.05. 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.

F5: The sale prices for this transaction ranged from $95.49 to $96.46. 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.

F6: The sale prices for this transaction ranged from $96.49 to $97.40. 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.

F7: The sale prices for this transaction ranged from $97.55 to $98.49. 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.

F8: The sale prices for this transaction ranged from $98.55 to $99.48. 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.

F9: The sale prices for this transaction ranged from $99.72 to $100.33. 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.