SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* BLACK J BRANDON (Last) (First) (Middle) 8875 AERO DRIVE, #200 (Street) SAN DIEGO CA 92123 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol ENCORE CAPITAL GROUP INC [ ECPG ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner X Officer (give title below) Other (specify below) President & CEO
	3. Date of Earliest Transaction (Month/Day/Year) 06/15/2011
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/15/2011		M		66,667	A	$11	139,724	D
Common Stock	06/15/2011		M		84,908	A	$0.51	224,632	D
Common Stock	06/15/2011		F		83,699(1)	D	$31.99	140,933	D
Common Stock	06/15/2011		G	V	7,124(2)	D	$0	48,795	I	By Black Family Trust
Common Stock	06/15/2011		G	V	7,124(2)	A	$0	148,057	D
Common Stock	06/15/2011		S		23,000	D	$30.25(3)	125,057	D
Common Stock	06/16/2011		S		50,600	D	$29.45(4)	74,457	D
Common Stock	06/16/2011		S		1,400	D	$30.22(5)	73,057	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	$11	06/15/2011		M			66,667	09/25/2004	10/29/2013	Common Stock	66,667	$0	0	D
Employee Stock Option (right to buy)	$0.51	06/15/2011		M			84,908	09/11/2007	09/11/2012	Common Stock	84,908	$0	0	D

Explanation of Responses:

1. Reflects shares of common stock withheld by the issuer in payment of the exercise price and to satisfy tax withholding obligations in connection with the exercise of stock options.

2. Represents gift of shares to Mr. Black from the Black Family Trust.

3. The shares were sold in multiple transactions on June 15, 2011 at per share prices ranging from $29.99 to $30.86, inclusive. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to supply the Staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (3), (4) and (5) to this Form 4 upon request.

4. The shares were sold in multiple transactions on June 16, 2011 at per share prices ranging from $29.11 to $30.02, inclusive. The price reported reflects the weighted average sales price for the transactions.

5. The price reported reflects the weighted average sales price for the transactions. These shares were sold in multiple transactions with prices ranging from $30.15 to $30.28, inclusive.

	/s/ Florentino Zamora, Jr., Attorney-in-Fact for J. Brandon Black	06/17/2011
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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