EPLUS INC — Director's Dealing 2017

Jun 1, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPLUS INC (PLUS)
CIK: 0001022408
Period of Report: 2017-05-30

Reporting Person: HOVDE ERIC D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-30	Common Stock	S	3274	$77.69	Disposed	61924	Indirect
2017-05-31	Common Stock	S	9226	$78.65	Disposed	52698	Indirect
2017-05-31	Common Stock	S	13274	$78.65	Disposed	74163	Direct
2017-06-01	Common Stock	S	5000	$78.8	Disposed	69163	Direct
2017-06-01	Common Stock	S	5000	$78.8	Disposed	47698	Indirect

Footnotes

F1: Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to Financial Institution Partners III, L.P. ("FIP III"). On May 30, 2017, FIP III sold 3,274 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $77.65 to $77.85.

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 FIP III, which, after the transaction reported on this line, owns 41,924 Shares. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 20,000 Shares.

F4: Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to Financial Institution Partners III, L.P. ("FIP III"). On May 31, 2017, FIP III sold 6,726 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $77.75 to $79.20. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation ("The Foundation"). On May 31, 2017, The Foundation sold 2,500 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $77.75 to $79.20.

F5: 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 35,198 Shares. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which, after the transaction reported on this line, owns 17,500 Shares.

F6: On May 31, 2017, Mr. Hovde, the reporting person, sold 13,274 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $77.75 to $79.20.

F7: On June 1, 2017, Mr. Hovde, the reporting person, sold 5,000 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $78.75 to $79.00.

F8: Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to Financial Institution Partners III, L.P. ("FIP III"). On June 1, 2017, FIP III sold 5,000 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $78.75 to $79.00.

F9: 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 30,198 Shares. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 17,500 Shares.