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EPLUS INC Director's Dealing 2015

Dec 14, 2015

31729_dirs_2015-12-14_3656f778-14aa-4574-a8d2-996bc21841ad.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: 2015-12-10

Reporting Person: HOVDE ERIC D (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2015-12-10 Common Stock S 1500 $97.04 Disposed 44444 Indirect
2015-12-11 Common Stock S 2300 $96.97 Disposed 42144 Indirect
2015-12-14 Common Stock S 4060 $97.35 Disposed 38084 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 14045 Indirect
Common Stock 162185 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 December 10, 2015, FIP III sold 1,500 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $92.85 to $98.66.

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 44,444 Shares.

F4: Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to Financial Institution Partners III, L.P. ("FIP III"). On December 11, 2015, FIP III sold 2,300 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $94.40 to $96.98.

F5: 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 42,144 Shares.

F6: Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to Financial Institution Partners III, L.P. ("FIP III"). On December 14, 2015, FIP III sold 4,060 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $96.73 to $97.79.

F7: 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 38,084 Shares.

F8: Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 14,045 Shares.