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EPLUS INC Director's Dealing 2016

Nov 15, 2016

31729_dirs_2016-11-15_27fe7107-1767-4370-b8f9-5cfc05efbda9.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPLUS INC (PLUS)
CIK: 0001022408
Period of Report: 2016-11-11

Reporting Person: HOVDE ERIC D (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2016-11-11 Common Stock S 13178 $101.97 Disposed 127438 Direct
2016-11-14 Common Stock S 3816 $103.79 Disposed 123622 Direct
2016-11-14 Common Stock S 3884 $103.79 Disposed 48245 Indirect
2016-11-15 Common Stock S 1527 $103.96 Disposed 46718 Indirect

Footnotes

F1: On November 11, 2016, Mr. Hovde, the reporting person, sold 13,178 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $104.05 to $99.95.

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: On November 14, 2016, Mr. Hovde, the reporting person, sold 3,816 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $105.00 to $103.05.

F4: Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to Financial Institution Partners III, L.P. ("FIP III"). On November 14, 2016, FIP III sold 3,884 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $105.00 to $103.05.

F5: 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 34,200 Shares. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 14,045 Shares.

F6: On November 15, 2016, FIP III sold 1,527 shares at prices ranging from $104.05 to $103.80.

F7: 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 32,673 Shares. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 14,045 Shares.