EPLUS INC — Director's Dealing 2010

Aug 12, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPLUS INC (PLUS)
CIK: 0001022408
Period of Report: 2010-08-10

Reporting Person: MARRON MARK P (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-08-10	Common Stock	M	3000	$13.11	Acquired	33000	Direct
2010-08-10	Common Stock	S	3000	$18.07	Disposed	30000	Direct
2010-08-11	Common Stock	M	34700	$13.11	Acquired	64700	Direct
2010-08-11	Common Stock	S	34700	$18.00	Disposed	30000	Direct
2010-08-12	Common Stock	M	2300	$13.11	Acquired	32300	Direct
2010-08-12	Common Stock	S	2300	$18.00	Disposed	30000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-08-10	Employee Stock Option (right to buy)	$13.11	M	3000	Disposed	2015-09-19	Common Stock (3000)	Direct
2010-08-11	Employee Stock Option (right to buy)	$13.11	M	34700	Disposed	2015-09-19	Common Stock (34700)	Direct
2010-08-12	Employee Stock Option (right to buy)	$13.11	M	2300	Disposed	2015-09-19	Common Stock (2300)	Direct

Footnotes

F1: The transaction was executed in multiple trades at prices ranging from $18.00 to $18.30 per share, inclusive. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares purchased and prices at which the transaction was effected.

F2: The transaction was executed in multiple trades at prices ranging from $18.00 to $18.06 per share, inclusive. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares purchased and prices at which the transaction was effected.