PRA GROUP INC — Director's Dealing 2012

Jan 18, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PORTFOLIO RECOVERY ASSOCIATES INC (PRAA)
CIK: 0001185348
Period of Report: 2012-01-14

Reporting Person: McCammon Peter Kent (Pres.-Rev Enhancement Services)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-14	Common Stock	A	686	$0.00	Acquired	11331	Direct
2012-01-14	Common Stock	F	250	$0.00	Disposed	11081	Direct
2012-01-14	Common Stock	F	160	$0.00	Disposed	10921	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 second annual vesting of the time vested shares granted. The performance shares earned, if any, will be reported at the end of the performance period.

F2: The disposal of these shares are related to the vesting of an award originally granted pursuant to the Company's 2011 Long Term Equity Incentive Plan ("LTI Plan").