PRA GROUP INC — Director's Dealing 2012

Jan 11, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PORTFOLIO RECOVERY ASSOCIATES INC (PRAA)
CIK: 0001185348
Period of Report: 2012-01-09

Reporting Person: STEVENSON KEVIN P (EVP, CFO, Treasurer, Asst Secy)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-09	Common Stock	A	1855	$0.00	Acquired	94559	Direct

Footnotes

F1: These shares were granted pursuant to the Company's 2012 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 9, 2012. 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.