PRA GROUP INC — Director's Dealing 2014

Feb 7, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PORTFOLIO RECOVERY ASSOCIATES INC (PRAA)
CIK: 0001185348
Period of Report: 2014-02-05

Reporting Person: Petit Michael J (President -Bankruptcy Services)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-05	Common Stock	F	150	—	Disposed	89594	Direct
2014-02-05	Common Stock	F	901	—	Disposed	88693	Direct
2014-02-05	Common Stock	A	4860	—	Acquired	93553	Direct

Footnotes

F1: The disposal of these shares are related to the vesting of an award originally granted pursuant to the Company's 2013 LTI Plan.

F2: Restricted stock grant that vests 33 1/3% per year over a three year period. This is the first vesting and each subsequent vesting will occur on the anniversary of the grant date which is Febraury 5, 2013.

F3: These shares were granted pursuant to the Company's 2014 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 February 5, 2014. 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