EPLUS INC — Director's Dealing 2015

Mar 9, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPLUS INC (PLUS)
CIK: 0001022408
Period of Report: 2015-03-05

Reporting Person: HOVDE ERIC D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-05	Common Stock	S	13412	$85.31	Disposed	178643	Direct
2015-03-06	Common Stock	S	1855	$85.44	Disposed	176788	Direct
2015-03-09	Common Stock	S	3804	$84.9	Disposed	172984	Direct
2015-03-06	Common Stock	S	980	$85.44	Disposed	58864	Indirect
2015-03-09	Common Stock	S	2009	$84.9	Disposed	56855	Indirect
2015-03-05	Common Stock	S	6631	$85.31	Disposed	14594	Indirect
2015-03-06	Common Stock	S	456	$85.44	Disposed	14138	Indirect
2015-03-09	Common Stock	S	937	$84.9	Disposed	13201	Indirect

Footnotes

F1: On March 5, 2015, Mr. Hovde, the reporting person, sold 13,412 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $84.85 to $86.08.

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 6, 2015, Mr. Hovde, the reporting person, sold 1,855 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $85.33 to $85.73.

F4: On March 9, 2015, Mr. Hovde, the reporting person, sold 3,804 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $82.80 to $86.04.

F5: Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to Financial Institution Partners III, L.P. ("FIP III"). On March 6, 2015, FIP III sold 980 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $85.33 to $85.73.

F6: 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 58,864 Shares.

F7: Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to Financial Institution Partners III, L.P. ("FIP III"). On March 9, 2015, FIP III sold 2,009 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $82.80 to $86.04.

F8: 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 56,855 Shares.

F9: Mr. Hovde is the trustee of The Eric D. and Steven D. Hovde Foundation ("Foundation"). On March 5, 2015, the Foundation sold 6,631 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $84.85 to $86.08.

F10: Mr. Hovde is the trustee of The Eric D. and Steven D. Hovde Foundation, which, after the transaction reported on this line, owns 14,594 Shares.

F11: Mr. Hovde is the trustee of The Eric D. and Steven D. Hovde Foundation ("Foundation"). On March 6, 2015, the Foundation sold 456 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $85.33 to $85.73.

F12: Mr. Hovde is the trustee of The Eric D. and Steven D. Hovde Foundation, which, after the transaction reported on this line, owns 14,138 Shares.

F13: Mr. Hovde is the trustee of The Eric D. and Steven D. Hovde Foundation ("Foundation"). On March 9, 2015, the Foundation sold 937 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $82.80 to $86.04.

F14: Mr. Hovde is the trustee of The Eric D. and Steven D. Hovde Foundation, which, after the transaction reported on this line, owns 13,201 Shares.