SEC Form 4 · accession 0001019973-15-000005
EPLUS INC · PLUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric D Hovde
Director
Period of report
Feb 24, 2015
Accepted (ET)
Feb 26, 2015 · 6:28 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001022408
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Feb 24, 2015 | S | 3,133 | $80.72 | D | 225,641 | D | |
| Common StockF2,F4 | Feb 24, 2015 | S | 1,253 | $80.72 | D | 67,226 | I | Footnote |
| Common StockF2,F6 | Feb 24, 2015 | S | 627 | $80.72 | D | 30,347 | I | Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 24, 2015, Mr. Hovde, the reporting person, sold 3,133 shares of the common stock of ePlus inc (the "Shares") at prices ranging from $80.50 to $81.00.
- F2Mr. 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.
- F3Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to Financial Institution Partners III, L.P. ("FIP III"). On February 24, 2015, FIP III sold 1,253 shares of the common stock of ePlus inc (the "Shares") at prices ranging from $80.50 to $81.00.
- F4Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to FIP III, which, after the transaction reported on this line, owns 67,226 Shares.
- F5Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation ("Foundation"). On February 24, 2015, the Foundation sold 627 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $80.50 to $81.00.
- F6Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which, after the transactions reported on this line, owns 30,347 Shares.