EPLUS INC — Director's Dealing 2013

Nov 14, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPLUS INC (PLUS)
CIK: 0001022408
Period of Report: 2013-11-12

Reporting Person: HOVDE ERIC D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-11-12	Common Stock	S	564	$49.75	Disposed	936152	Indirect
2013-11-12	Common Stock	J	626112	—	Disposed	371040	Indirect
2013-11-12	Common Stock	J	52000	—	Acquired	371040	Indirect
2013-11-12	Common Stock	J	22186	—	Acquired	254626	Direct
2013-09-10	Common Stock	G	9000	—	Acquired	371040	Indirect

Footnotes

F1: On November 12, 2013, the Hovde Capital Advisors LLC 401(k) Profit Sharing Plan and Trust, of which Mr. Hovde is a trustee, sold 564 shares of the common stock of ePlus inc (the "Shares").

F2: Mr. Hovde is the managing member of: (i) Hovde Capital, Ltd., the general partner to Financial Institution Partners III, L.P., which owns 288,775 Shares, and (ii) Hovde Capital I, LLC ("Hovde Capital"), which owns 52,000 Shares. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation (the "Foundation"), which owns 30,265 Shares.

F3: On November 12, 2013, (i) Financial Institution Partners I, L.P. made a pro rata distribution of 626,097 Shares to limited partners, including Mr. Hovde, who received 22,186 Shares, and Hovde Capital, its general partner, which received 52,000 Shares, and (ii) the Hovde Private Equity Advisors 401(k) Profit Sharing Plan and Trust, of which Mr. Hovde is a trustee, made a distribution of 15 Shares to complete a pro rata distribution to beneficiaries.

F4: The Foundation received a bona gift of 9,000 Shares from an individual.