PRA GROUP INC — Director's Dealing 2014

Jan 8, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PORTFOLIO RECOVERY ASSOCIATES INC (PRAA)
CIK: 0001185348
Period of Report: 2014-01-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-06	Common Stock	A	9558	—	Acquired	111456	Direct
2014-01-06	Common Stock	F	2280	—	Disposed	109176	Direct
2014-01-06	Common Stock	F	2825	—	Disposed	106351	Direct
2014-01-06	Common Stock	F	14667	—	Disposed	91684	Direct

Footnotes

F1: These shares were awarded pursuant to the Company's 2012 Long Term Equity Incentive Plan ("LTI Plan") in which the reporting person was granted both performance based and time vested restricted shares. These reported shares represent the shares earned under the Adjusted EBITDA performance category.

F2: Share holdings have been adjusted to reflect the three-for-one stock split by means of a stock dividend which was declared on June 10, 2013 and paid August 1, 2013.

F3: The disposal of these shares are related to the vesting of an award originally granted pursuant to the Company's 2012 LTI Plan.

F4: The disposal of these shares are related to the vesting of an award originally granted pursuant to the Company's 2011 LTI Plan.

F5: The disposal of these shares are related to the vesting of an award granted pursuant to the Company's Supplemental Long Term Equity Program for 2012 performance.