EPLUS INC — Director's Dealing 2015

Feb 13, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPLUS INC (PLUS)
CIK: 0001022408
Period of Report: 2015-02-11

Reporting Person: HOVDE ERIC D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-11	Common Stock	S	1643	$80.37	Disposed	237581	Direct
2015-02-12	Common Stock	S	6250	$80.2	Disposed	231331	Direct
2015-02-11	Common Stock	S	657	$80.37	Disposed	72002	Indirect
2015-02-12	Common Stock	S	2500	$80.2	Disposed	69502	Indirect
2015-02-11	Common Stock	S	329	$80.37	Disposed	32736	Indirect
2015-02-12	Common Stock	S	1250	$80.2	Disposed	31486	Indirect

Footnotes

F1: On February 11, 2015, Mr. Hovde, the reporting person, sold 1,643 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $80.25 to $80.52.

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 12, 2015, Mr. Hovde, the reporting person, sold 6,250 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $80.02 to $80.39.

F4: Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to Financial Institution Partners III, L.P. ("FIP III"). On February 11, 2015, FIP III sold 657 shares of the common stock of ePlus inc (the "Shares") at prices ranging from $80.25 to $80.52.

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 72,002 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 February 12, 2015, FIP III sold 2,500 shares of the common stock of ePlus inc (the "Shares") at prices ranging from $80.02 to $80.39.

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 69,502 Shares.

F8: Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation ("Foundation"). On February 11, 2015, the Foundation sold 329 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $80.25 to $80.52.

F9: Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which, after the transaction reported on this line, owns 32,736 Shares.

F10: Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation ("Foundation"). On February 12, 2015, the Foundation sold 1,250 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $80.02 to $80.39.

F11: Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which, after the transaction reported on this line, owns 31,486 Shares.