EPLUS INC — Director's Dealing 2014

Dec 10, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPLUS INC (PLUS)
CIK: 0001022408
Period of Report: 2014-12-08

Reporting Person: HOVDE ERIC D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-08	Common Stock	S	4573	$72.22	Disposed	269682	Direct
2014-12-09	Common Stock	S	7037	$72.74	Disposed	262645	Direct
2014-12-10	Common Stock	S	5461	$73.34	Disposed	257184	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	107325	Indirect

Footnotes

F1: On December 8, 2014, Mr. Hovde, the reporting person, sold 4,573 shares of the common stock of ePlus inc (the "Shares") at prices ranging from $71.95 to $72.50.

F2: Mr. Hovde, the reporting person, undertakes to provide upon request by the Securities and Exchange Commission staff, ePlus, or a security holder of ePlus, full information regarding the number of Shares sold at each separate price.

F3: On December 9, 2014, Mr. Hovde, the reporting person, sold 7,037 shares of the common stock of ePlus inc (the "Shares") at prices ranging from $72.00 to $73.28.

F4: On December 10, 2014, Mr. Hovde, the reporting person, sold 5,461 shares of the common stock of ePlus inc (the "Shares") at prices ranging from $73.09 to $73.75.

F5: Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to FIP III, which owns 77,060 Shares. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 30,265 Shares.