X0202 4 2005-07-01 0 0001185348 PORTFOLIO RECOVERY ASSOCIATES INC PRAA 0001185354 GRUBE CRAIG A 120 CORPORATE BLVD SUITE 100 NORFOLK VA 23502 0 1 0 0 Executive VP - Acquisitions Common Stock 2005-07-01 4 S 0 333 40.80 D 73921 D Common Stock 2005-07-01 4 S 0 250 40.85 D 73671 D Common Stock 2005-07-01 4 S 0 583 40.90 D 73088 D Common Stock 2005-07-01 4 S 0 333 40.95 D 72755 D Common Stock 2005-07-01 4 S 0 33 40.99 D 72722 D Common Stock 2005-07-01 4 S 0 187 41.00 D 72535 D Common Stock 2005-07-01 4 S 0 47 41.02 D 72488 D Common Stock 2005-07-01 4 S 0 34 41.03 D 72454 D Common Stock 2005-07-01 4 S 0 100 41.05 D 72354 D Common Stock 2005-07-01 4 S 0 333 41.85 D 72021 D Common Stock 2005-07-01 4 S 0 152 41.90 D 71869 D Common Stock 2005-07-01 4 S 0 15 41.91 D 71854 D These sales are pursuant to a Rule 10b5-1 plan. The plan allows for maximum sales of 50,000 shares during 2005. There are no shares remaining to be sold under the plan. /s/ Craig A. Grube 2005-07-05