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EPLUS INC Director's Dealing 2011

Jun 15, 2011

31729_dirs_2011-06-15_021593cd-d2d1-4184-b3c4-80d6c6bc2cb8.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: 2011-06-13

Reporting Person: FAULDERS C THOMAS III (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-06-13 Common Stock M 2000 $6.86 Acquired 12444 Direct
2011-06-13 Common Stock S 2000 $23.9828 Disposed 10444 Direct
2011-06-14 Common Stock M 1300 $6.86 Acquired 11744 Direct
2011-06-14 Common Stock S 1300 $23.9943 Disposed 10444 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-06-13 Stock Option (right to buy) $6.86 M 2000 Disposed 2011-09-21 Common Stock (3300) Direct
2011-06-14 Stock Option (right to buy) $6.86 M 1300 Disposed 2011-09-21 Common Stock (1300) Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (right to buy) $7.90 2011-11-30 Common Stock (10000) 10000 Direct
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 $23.92 to $24.05 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 transaction was executed in multiple trades at prices ranging from $23.91 to $24.17 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.