EPLUS INC — Director's Dealing 2013

Sep 27, 2013

SEC Form 4/A — Form 4/A

Issuer: EPLUS INC (OKUS)
CIK: 0001022408
Period of Report: 2013-09-25

Reporting Person: HOVDE ERIC D (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-09-25	Common Stock	A	1199	—	Acquired	232078	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	936716	Indirect

Footnotes

F1: On September 25, 2013, Mr. Hovde was awarded 1,199 restricted shares of the common stock of the Company (the "Restricted Shares"), erroneously reported earlier as 1,119 shares. The Restricted Shares were issued pursuant to Mr. Hovde's election to receive shares in lieu of cash compensation as permitted under the Company's 2008 Non-Employee Director Long Term Incentive Plan (the "Plan"). The Restricted Shares are subject to a restriction period described in the Plan, under certain circumstances the restrictions may lapse. The direct ownership of 232,078 shares includes 2,886 shares (including the Restricted Shares) that are restricted and have not yet vested as of September 27, 2013; however, Mr. Hovde has the right to vote such shares that are restricted prior to vesting.

F2: As of the date hereof, Mr. Hovde may be deemed the indirect beneficial owner (within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended) of 936,716 shares of the Company ("Shares"). The beneficial ownership of these Shares is more fully set out in the following Footnote 3. Mr. Hovde disclaims beneficial ownership of these Shares except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission of beneficial ownership of such Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

F3: Mr. Hovde is the managing member of: (a) Hovde Capital I, LLC, the general partner to Financial Institution Partners, L.P., which owns 626,097 Shares; and (b) Hovde Capital, Ltd., the general partner to Financial Institution Partners III, L.P., which owns 288,775 Shares. Mr. Hovde is a trustee of (x) the Hovde Private Equity Advisors LLC 401(k) Profit Sharing Plan and Trust, which owns 15 Shares; (y) the Hovde Capital Advisors LLC 401(k) Profit Sharing Plan and Trust, which owns 564 Shares; and (z)The Eric D. and Steven D. Hovde Foundation, which owns 21,265 Shares.