X0202 4 2005-01-20 0 0001084961 ENCORE CAPITAL GROUP INC (ECPG) 0000928264 MAY PETER W C/O TRIARC COMPANIES, INC. 280 PARK AVENUE NEW YORK NY 10017 1 0 1 0 Common Stock 2005-01-20 4 S 0 291138 20.00 D 668450 I By JM and LM Trusts Common Stock 2005-01-20 4 S 0 604790 20.00 D 1296800 I By Madison West Common Stock 15000 D Common Stock 101275 I By Triarc On January 20, 2005, in connection with an underwritten offering of the Issuer's Common Stock, Madison West Associates Corp. (Madison West), a wholly-owned subsidiary of Triarc Companies, Inc. (Triarc), the Jonathan P. May 1998 Trust (JM Trust) and the Leslie A. May 1998 Trust (LM Trust) entered into an Underwriting Agreement providing for the sale by Madison West of 604,790 shares of the Issuer's Common Stock and the sale by each of the JM Trust and the LM Trust of 145,569 shares of the Issuer's Common Stock at a price of $20.00 per share, less Underwriter's discounts and commissions of $0.35 per share. The offering is scheduled to close on January 25, 2005. All such shares are held equally in the JM Trust and the LM Trust, entities in which Mr. May is a trustee. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. All such securites are held by Triarc. Mr. May is an officer, director and significant stockholder of Triarc. /s/ May, Peter W. 2005-01-24