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EPLUS INC Director's Dealing 2011

Nov 16, 2011

31729_dirs_2011-11-16_c3d69783-26e7-4892-a5c5-beffaf099d6a.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPLUS INC (PLUS)
CIK: 0001022408
Period of Report: 2011-11-14

Reporting Person: ODONNELL TERRENCE (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-11-14 Common Stock M 5600 $7.90 Acquired 21649 Direct
2011-11-14 Common Stock S 5600 $27.2306 Disposed 16049 Direct
2011-11-15 Common Stock M 4400 $7.90 Acquired 20449 Direct
2011-11-15 Common Stock S 4400 $27.3146 Disposed 16049 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-11-14 Stock Option (right to buy) $7.90 M 5600 Disposed 2011-11-30 Common Stock (10000) Direct
2011-11-15 Stock Option (right to buy) $7.90 M 4400 Disposed 2011-11-30 Common Stock (4400) Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (right to buy) $7.14 2013-04-01 Common Stock (10000) 10000 Direct
Stock Option (right to buy) $15.25 2013-09-19 Common Stock (10000) 10000 Direct
Stock Option (right to buy) $10.75 2014-09-15 Common Stock (10000) 10000 Direct
Stock Option (right to buy) $12.73 2015-09-22 Common Stock (10000) 10000 Direct

Footnotes

F1: The transaction was executed in multiple trades at prices ranging from $26.76 to $27.52 per share, inclusive. The price reported above reflects the weighted average sale 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 sold and prices at which the transaction was effected.

F2: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 8, 2011.

F3: The transaction was executed in multiple trades at prices ranging from $27.25 to $27.68 per share, inclusive. The price reported above reflects the weighted average sale 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 sold and prices at which the transaction was effected.