SEC Form 4 · accession 0001185349-16-000017

PRA GROUP INC · PRAA

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Pres, CFO, Tres, Asst Secy · Director

Period of report

Mar 7, 2016

Accepted (ET)

Mar 8, 2016 · 2:45 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001185348

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	holding	—	—		—	199,991	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
3.00% Convertible Notes^F1,F3,F2,F4	—	Mar 7, 2016	P	—	A	—	Aug 1, 2020	Common Stock	—	—	I

F1The Company's 3.00% Convertible Senior Notes due 2020 (the "Notes") were issued pursuant to an Indenture, dated August 13, 2013 (the "Indenture") between the Company and Wells Fargo Bank, National Association, as trustee. The Notes accrue interest at a rate of 3.00% per annum and mature on August 1, 2020. Upon conversion, the Notes may be settled, at the Company's option, in cash, shares of the Company's common stock, or any combination thereof.
F2The conversion rate for the Notes is initially 15.2172 shares per $1,000 principal amount of Notes, which is equivalent to an initial conversion price of approximately $65.72 per share of the Company's common stock, and is subject to adjustment in certain circumstances pursuant to the Indenture.
F3Face value of Notes purchased is $250,000.00. Notes purchased at a discount in the amount of $198,317.50. Assuming the initial conversion rate of 15.2172 shares per $1,000 principal amount of the Notes, the purchased Notes would be convertible up to approximately 3,804 shares of the Company's common stock upon conversion.
F4Prior to February 1, 2020, the Notes will be convertible only upon the occurrence of specified events. On or after February 1, 2020, the Notes may be converted at any time.