EPLUS INC — Director's Dealing 2015

Feb 23, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPLUS INC (PLUS)
CIK: 0001022408
Period of Report: 2015-02-19

Reporting Person: HOVDE ERIC D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-19	Common Stock	S	312	$80.7	Disposed	231019	Direct
2015-02-20	Common Stock	S	1995	$80.67	Disposed	229024	Direct
2015-02-23	Common Stock	S	250	$80.7	Disposed	228774	Direct
2015-02-19	Common Stock	S	125	$80.7	Disposed	69377	Indirect
2015-02-20	Common Stock	S	798	$80.67	Disposed	68579	Indirect
2015-02-23	Common Stock	S	100	$80.7	Disposed	68479	Indirect
2015-02-19	Common Stock	S	63	$80.7	Disposed	31423	Indirect
2015-02-20	Common Stock	S	399	$80.67	Disposed	31024	Indirect
2015-02-23	Common Stock	S	50	$80.7	Disposed	30974	Indirect

Footnotes

F1: On February 19, 2015, Mr. Hovde, the reporting person, sold 312 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $80.70 to $80.70.

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 20, 2015, Mr. Hovde, the reporting person, sold 1,995 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $80.53 to $80.85.

F4: On February 23, 2015, Mr. Hovde, the reporting person, sold 250 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $80.70 to $80.70.

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 19, 2015, FIP III sold 125 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $80.70 to $80.70.

F6: Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to FIP III, which, after the transactions reported on this line, owns 69,377 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 20, 2015, FIP III sold 798 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $80.53 to $80.85.

F8: Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to FIP III, which, after the transactions reported on this line, owns 68,579 Shares.

F9: Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to Financial Institution Partners III, L.P. ("FIP III"). On February 23, 2015, FIP III sold 100 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $80.70 to $80.70.

F10: Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to FIP III, which, after the transactions reported on this line, owns 68,479 Shares.

F11: Mr. Hovde is the trustee of The Eric D. and Steven D. Hovde Foundation ("Foundation"). On February 19, 2015, the Foundation sold 63 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $80.70 to $80.70.

F12: Mr. Hovde is the trustee of The Eric D. and Steven D. Hovde Foundation, which, after the transactions reported on this line, owns 31,423 Shares.

F13: Mr. Hovde is the trustee of The Eric D. and Steven D. Hovde Foundation ("Foundation"). On February 20, 2015, the Foundation sold 399 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $80.53 to $80.85.

F14: Mr. Hovde is the trustee of The Eric D. and Steven D. Hovde Foundation, which, after the transactions reported on this line, owns 31,024 Shares.

F15: Mr. Hovde is the trustee of The Eric D. and Steven D. Hovde Foundation ("Foundation"). On February 23, 2015, the Foundation sold 50 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $80.70 to $80.70.

F16: Mr. Hovde is the trustee of The Eric D. and Steven D. Hovde Foundation, which, after the transactions reported on this line, owns 30,974 Shares.