X0306 4 2012-11-26 0 0001185348 PORTFOLIO RECOVERY ASSOCIATES INC PRAA 0001512305 Stern Neal 120 CORPORATE BLVD NORFOLK VA 23502 0 1 0 0 EVP of Operations Common Stock 2012-11-26 4 S 0 4118 96.38 D 18830 D The sale prices for this transaction ranged from $96.03 to $96.65. 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. /s/ Neal H. Stern 2012-11-28