EPLUS INC — Director's Dealing 2016

Dec 8, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPLUS INC (PLUS)
CIK: 0001022408
Period of Report: 2016-12-06

Reporting Person: HOVDE ERIC D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-06	Common Stock	S	7278	$113.51	Disposed	62007	Direct
2016-12-06	Common Stock	S	222	$113.51	Disposed	35000	Indirect

Footnotes

F1: On December 6, 2016, Mr. Hovde, the reporting person, sold 7,278 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $113.15 to $113.95.

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 December 6, 2016, FIP III sold 222 shares of the common stock of ePlus inc (the "Shares") at prices ranging from $113.15 to $113.95.

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 25,000 Shares. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 10,000 Shares.