EPLUS INC — Director's Dealing 2015

Aug 26, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPLUS INC (PLUS)
CIK: 0001022408
Period of Report: 2015-08-21

Reporting Person: HOVDE ERIC D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-08-21	Common Stock	S	5000	$79.12	Disposed	48354	Indirect
2015-08-21	Common Stock	S	2600	$79.12	Disposed	163736	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11545	Indirect

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 August 21, 2015, FIP III sold 5,000 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $79.00 to $79.39.

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 48,354 Shares

F4: On August 21, 2015, Mr. Hovde, the reporting person, sold 2,600 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $79.00 to $79.39.

F5: Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 11,545 Shares.