PRA GROUP INC — Director's Dealing 2013

May 16, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PORTFOLIO RECOVERY ASSOCIATES INC (PRAA)
CIK: 0001185348
Period of Report: 2013-05-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-14	Common Stock	S	2800	$148.42	Disposed	54003	Direct
2013-05-14	Common Stock	S	2600	$148.81	Disposed	51403	Direct
2013-05-14	Common Stock	S	4600	$149.14	Disposed	46803	Direct

Footnotes

F1: These sales are pursuant to a Rule 10b5-1 plan dated May 9, 2013. There are no more shares to be sold under the plan.

F2: The sale prices for this transaction ranged from $147.78 to $148.77. 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 $148.78 to $148.86. 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 $148.87 to $149.55. 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.