EPLUS INC — Director's Dealing 2018

Sep 27, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPLUS INC (PLUS)
CIK: 0001022408
Period of Report: 2018-09-25

Reporting Person: HOVDE ERIC D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-09-25	Common Stock	A	797	$94.05	Acquired	24816	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	18475	Indirect

Footnotes

F1: On September 25, 2018, Mr. Hovde was awarded 797 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 2017 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 24,816 Shares includes 1,223 Shares (including the Restricted Shares) that are restricted and have not yet vested as of September 26, 2018; 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 Financial Institution Partners III LP, which owns 10,198 Shares. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 8,277 Shares.