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: Stern Neal (EVP of Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-06	Common Stock	A	8493	—	Acquired	58425	Direct
2014-01-06	Common Stock	F	2026	—	Disposed	56399	Direct
2014-01-06	Common Stock	F	1884	—	Disposed	54515	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: The disposal of these shares are related to the vesting of an award originally granted pursuant to the Company's 2012 LTI Plan.

F3: The disposal of these shares are related to the vesting of an award originally granted pursuant to the Company's 2011 LTI Plan.