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EPLUS INC Director's Dealing 2014

Nov 12, 2014

31729_dirs_2014-11-12_1896b706-135f-48d6-9e6d-b5965133a66b.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: 2014-11-10

Reporting Person: HOVDE ERIC D (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2014-11-10 Common Stock S 5726 $70.72 Disposed 241599 Indirect
2014-11-11 Common Stock S 8300 $68.17 Disposed 233299 Indirect
2014-11-12 Common Stock S 8093 $69.27 Disposed 225206 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 296510 Direct

Footnotes

F1: Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to Financial Institution Partners III, L.P. ("FIP III"). On November 10, 2014, FIP III sold 5,726 shares of the common stock of ePlus inc (the "Shares") at prices ranging from $70.00 to $71.35.

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: Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to FIP III, which, after the transaction reported on this line, owns 211,334 Shares. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 30,265 Shares.

F4: On November 11, 2014, FIP III sold 8,300 Shares at prices in the range of $68.00 to $68.52.

F5: Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to FIP III, which, after the transactions reported on this line, owns 203,034 Shares. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 30,265 Shares.

F6: On November 12, 2014, FIP III sold 8,093 Shares at prices in the range of $69.05 to $69.43.

F7: Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to FIP III, which, after the transactions reported on this line, owns 194,941 Shares. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 30,265 Shares.