X0306 4 2013-01-14 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 2013-01-14 4 A 0 686 0.00 A 19921 D Common Stock 2013-01-14 4 F 0 228 0.00 D 19693 D Common Stock 2013-01-14 4 F 0 146 0.00 D 19547 D These shares vested pursuant to the Company's 2010 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 January 14, 2010. These shares represent the third and final annual vesting of the time vested shares granted. The disposal of these shares are related to the vesting of an award originally granted pursuant to the Company's 2010 LTI Plan. The disposal of these shares are related to the vesting of an award originally granted pursuant to the Company's 2011 LTI Plan. /s/ Neal H. Stern 2013-01-16