EPLUS INC — Director's Dealing 2015

Feb 12, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPLUS INC (PLUS)
CIK: 0001022408
Period of Report: 2015-02-10

Reporting Person: HOVDE ERIC D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-10	Common Stock	S	11002	$81.6	Disposed	239224	Direct
2015-02-10	Common Stock	S	4401	$81.6	Disposed	72659	Indirect
2015-02-10	Common Stock	S	2200	$81.6	Disposed	33065	Indirect

Footnotes

F1: On February 10, 2015, Mr. Hovde, the reporting person, sold 11,002 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $80.03 to $83.06.

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 10, 2015, FIP III sold 4,401 shares of the common stock of ePlus inc (the "Shares") at prices ranging from $80.03 to $83.06.

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 72,659 Shares.

F5: Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation ("Foundation"). On February 10, 2015, the Foundation sold 2,200 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $80.03 to $83.06.

F6: Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which, after the transaction reported on this line, owns 33,065 Shares.