SEC Form 4 · accession 0001294425-16-000015
PRA GROUP INC · PRAA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven C Roberts
Officer — Chief Global Strategy Bus Dev
Period of report
Mar 4, 2016
Accepted (ET)
Mar 7, 2016 · 2:07 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 | — | — | — | 25,999 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 3.00% Convertible NotesF1,F3,F2,F4 | — | Mar 4, 2016 | P | — | A | — | Aug 1, 2020 | Common Stock | — | — | D |
| 3.00% Convertible NotesF1,F5,F2,F4 | — | Mar 4, 2016 | P | — | A | — | Aug 1, 2020 | Common Stock | — | — | D |
Explanation of responses
- 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 $300,000.00. Notes purchased at a discount in the amount of $237,950.00. 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 4,565 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.
- F5Face value of Notes purchased is $50,000.00. Notes purchased at a discount in the amount of $39,658.33. 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 760 shares of the Company's common stock upon conversion.