EPLUS INC — Director's Dealing 2015

Mar 13, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPLUS INC (PLUS)
CIK: 0001022408
Period of Report: 2015-03-12

Reporting Person: HOVDE ERIC D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-12	Common Stock	S	900	$84.28	Disposed	172084	Direct
2015-03-13	Common Stock	S	5748	$84.2	Disposed	166336	Direct
2015-03-12	Common Stock	S	466	$84.28	Disposed	56389	Indirect
2015-03-13	Common Stock	S	3035	$84.2	Disposed	53354	Indirect
2015-03-12	Common Stock	S	239	$84.28	Disposed	12962	Indirect
2015-03-13	Common Stock	S	1417	$84.2	Disposed	11545	Indirect

Footnotes

F1: On March 12, 2015, Mr. Hovde, the reporting person, sold 900 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $84.15 to $84.36.

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 March 13, 2015, Mr. Hovde, the reporting person, sold 5,748 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $83.75 to $84.65.

F4: Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to Financial Institution Partners III, L.P. ("FIP III"). On March 12, 2015, FIP III sold 466 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $84.15 to $84.36.

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 56,389 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 March 13, 2015, FIP III sold 3,035 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $83.75 to $84.65.

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 53,354 Shares.

F8: Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation ("Foundation"). On March 12, 2015, the Foundation sold 239 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $84.15 to $84.36.

F9: Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which, after the transaction reported on this line, owns 12,962 Shares.

F10: Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation ("Foundation"). On March 13, 2015, the Foundation sold 1,417 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $83.75 to $84.65.

F11: Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which, after the transaction reported on this line, owns 11,545 Shares.