EPLUS INC — Director's Dealing 2015

Feb 26, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPLUS INC (PLUS)
CIK: 0001022408
Period of Report: 2015-02-24

Reporting Person: HOVDE ERIC D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-24	Common Stock	S	3133	$80.72	Disposed	225641	Direct
2015-02-24	Common Stock	S	1253	$80.72	Disposed	67226	Indirect
2015-02-24	Common Stock	S	627	$80.72	Disposed	30347	Indirect

Footnotes

F1: On February 24, 2015, Mr. Hovde, the reporting person, sold 3,133 shares of the common stock of ePlus inc (the "Shares") at prices ranging from $80.50 to $81.00.

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 Financial Institution Partners III, L.P. ("FIP III"). On February 24, 2015, FIP III sold 1,253 shares of the common stock of ePlus inc (the "Shares") at prices ranging from $80.50 to $81.00.

F4: 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 67,226 Shares.

F5: Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation ("Foundation"). On February 24, 2015, the Foundation sold 627 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $80.50 to $81.00.

F6: Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which, after the transactions reported on this line, owns 30,347 Shares.