EPLUS INC — Director's Dealing 2018

Jun 6, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPLUS INC (PLUS)
CIK: 0001022408
Period of Report: 2018-06-04

Reporting Person: HOVDE ERIC D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-06-04	Common Stock	S	1354	$93.51	Disposed	63290	Direct
2018-06-05	Common Stock	S	5000	$94.02	Disposed	58290	Direct
2018-06-06	Common Stock	S	6641	$94.64	Disposed	51649	Direct
2018-06-04	Common Stock	S	1307	$93.51	Disposed	39668	Indirect
2018-06-05	Common Stock	S	8693	$94.02	Disposed	30975	Indirect
2018-06-06	Common Stock	S	5000	$94.64	Disposed	25975	Indirect

Footnotes

F1: On June 4, 2018, Mr. Hovde, the reporting person, sold 1,354 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $93.50 to $93.55.

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 June 5, 2018, Mr. Hovde, the reporting person, sold 5,000 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $93.50 to $94.55.

F4: On June 6, 2018, Mr. Hovde, the reporting person, sold 6,641 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $94.50 to $95.20.

F5: Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to Financial Institution Partners III, L.P. ("FIP III"). On June 4, 2018, FIP III sold 1,307 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $93.50 to $93.55.

F6: 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 23,891 Shares. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 15,777 Shares.

F7: Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to Financial Institution Partners III, L.P. ("FIP III"). On June 5, 2018, FIP III sold 8,693 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $93.50 to $94.55.

F8: 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 15,198 Shares. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 15,777 Shares.

F9: Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to Financial Institution Partners III, L.P. ("FIP III"). On June 6, 2018, FIP III sold 5,000 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $94.50 to $95.20.

F10: 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 10,198 Shares. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 15,777 Shares.