EPLUS INC — Director's Dealing 2016

Sep 27, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPLUS INC (PLUS)
CIK: 0001022408
Period of Report: 2016-09-26

Reporting Person: HOVDE ERIC D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-09-26	Common Stock	A	839	$89.36	Acquired	163024	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	52129	Indirect

Footnotes

F1: On September 26, 2016, Mr. Hovde was awarded 839 restricted shares (the "Restricted Shares") of the common stock of the Company (the "Shares"). The Restricted Shares were issued pursuant to Section 7(b) of the Company's 2008 Non-Employee Director Long Term Incentive Plan (the "Plan"). The Restricted Shares are subject to a restriction period described in the Plan; under certain circumstances, the restrictions may lapse. The direct ownership of 163,024 Shares includes 1,618 Shares (including the Restricted Shares) that are restricted and have not yet vested as of September 26, 2016; however, Mr. Hovde has the right to vote such Shares that are restricted prior to vesting.

F2: 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.