EPLUS INC — Director's Dealing 2020

Jun 17, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPLUS INC (PLUS)
CIK: 0001022408
Period of Report: 2020-06-13

Reporting Person: MARRON MARK P (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-13	Common Stock	F	2581	$70.13	Disposed	57679	Direct
2020-06-14	Common Stock	F	2667	$70.13	Disposed	55012	Direct
2020-06-16	Common Stock	A	25031	—	Acquired	80043	Direct
2020-06-17	Common Stock	F	8839	$71.91	Disposed	71204	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	21535	Indirect
Common Stock	2940	Indirect

Footnotes

F1: Represents shares withheld for payment of tax liability arising as a result of the partial vesting of a restricted stock award granted on June 13, 2019, and originally reported by the reporting person on Form 4 filed with the Commission of June 14, 2019.

F2: Represents shares withheld for payment of tax liability arising as a result of the partial vesting of a restricted stock award granted on June 14, 2018, and originally reported by the reporting person in a Form 4 filed with the Commission on June 18, 2018.

F3: On June 16, 2020, Mr. Marron, an executive of ePlus inc. (the "Company") was granted a restricted stock award consisting of 25,031 shares of common stock of the Company (the "Restricted Shares"). The Restricted Shares were granted by the Company's Compensation Committee, pursuant to the Company's 2012 Employee Long-Term Incentive Plan. The Restricted Shares are subject to a restriction period of three years, with one-third of the shares vesting on each of the next three annual anniversaries of the grant. As more fully described in the Plan, under certain circumstances the restrictions may lapse, or the shares may be forfeited and transferred back to the Company.

F4: Represents shares withheld for payment of tax liability arising as a result of the partial vesting of a restricted stock award granted on June 17, 2015, and originally reported by the reporting person in a Form 4 filed with the Commission on June 17, 2015.

F5: The shares are held in a trust of which the reporting person is the trustee and sole beneficiary.

F6: This reflects the total amount of shares held by two trusts, each for the benefit of Mr. Marron's two children.