EPLUS INC — Director's Dealing 2016

Nov 10, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPLUS INC (PLUS)
CIK: 0001022408
Period of Report: 2016-11-08

Reporting Person: HOVDE ERIC D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-08	Common Stock	S	1529	$96.13	Disposed	161495	Direct
2016-11-09	Common Stock	S	9057	$97.04	Disposed	152438	Direct
2016-11-10	Common Stock	S	11822	$99.67	Disposed	140616	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	52129	Indirect

Footnotes

F1: On November 8, 2016, Mr. Hovde, the reporting person, sold 1,529 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $96.25 to $96.05.

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 9, 2016, Mr. Hovde, the reporting person, sold 9,057 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $97.15 to $97.00.

F4: On November 10, 2016, Mr. Hovde, the reporting person, sold 11,822 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $100.40 to $99.00.

F5: Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to FIP III, which owns 38,084 Shares. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 14,045 Shares.