EPLUS INC — Director's Dealing 2015

Feb 27, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPLUS INC (PLUS)
CIK: 0001022408
Period of Report: 2015-02-25

Reporting Person: HOVDE ERIC D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-25	Common Stock	S	5313	$81.43	Disposed	220328	Direct
2015-02-26	Common Stock	S	13141	$82.86	Disposed	207187	Direct
2015-02-27	Common Stock	S	5808	$83.27	Disposed	201379	Direct
2015-02-25	Common Stock	S	2125	$81.43	Disposed	65101	Indirect
2015-02-26	Common Stock	S	5257	$82.86	Disposed	59844	Indirect
2015-02-25	Common Stock	S	1062	$81.43	Disposed	29285	Indirect
2015-02-26	Common Stock	S	2628	$82.86	Disposed	26657	Indirect
2015-02-27	Common Stock	S	1392	$83.27	Disposed	25265	Indirect

Footnotes

F1: On February 25, 2015, Mr. Hovde, the reporting person, sold 5,313 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $80.88 to $81.70.

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 February 26, 2015, Mr. Hovde, the reporting person, sold 13,141 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $81.97 to $83.54.

F4: On February 27, 2015, Mr. Hovde, the reporting person, sold 5,808 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $83.00 to $83.47.

F5: Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to Financial Institution Partners III, L.P. ("FIP III"). On February 25, 2015, FIP III sold 2,125 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $80.88 to $81.70.

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 65,101 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 February 26, 2015, FIP III sold 5,257 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $81.97 to $83.54.

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 59,844 Shares.

F9: Mr. Hovde is the trustee of The Eric D. and Steven D. Hovde Foundation ("Foundation"). On February 25, 2015, the Foundation sold 1,062 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $80.88 to $81.70.

F10: Mr. Hovde is the trustee of The Eric D. and Steven D. Hovde Foundation, which, after the transaction reported on this line, owns 29,285 Shares.

F11: Mr. Hovde is the trustee of The Eric D. and Steven D. Hovde Foundation ("Foundation"). On February 26, 2015, the Foundation sold 2,628 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $81.97 to $83.54.

F12: Mr. Hovde is the trustee of The Eric D. and Steven D. Hovde Foundation, which, after the transaction reported on this line, owns 26,657 Shares.

F13: Mr. Hovde is the trustee of The Eric D. and Steven D. Hovde Foundation ("Foundation"). On February 27, 2015, the Foundation sold 1,392 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $83.00 to $83.47.

F14: Mr. Hovde is the trustee of The Eric D. and Steven D. Hovde Foundation, which, after the transaction reported on this line, owns 25,265 Shares.