SEC Form 4 · accession 0001019973-16-000019
EPLUS INC · PLUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric D Hovde
Director
Period of report
Nov 11, 2016
Accepted (ET)
Nov 15, 2016 · 5:18 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 | Nov 11, 2016 | S | 13,178 | $101.97 | D | 127,438 | D | |
| Common StockF2 | Nov 14, 2016 | S | 3,816 | $103.79 | D | 123,622 | D | |
| Common StockF2,F5 | Nov 14, 2016 | S | 3,884 | $103.79 | D | 48,245 | I | Footnote |
| Common StockF2,F7 | Nov 15, 2016 | S | 1,527 | $103.96 | D | 46,718 | I | Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On November 11, 2016, Mr. Hovde, the reporting person, sold 13,178 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $104.05 to $99.95.
- 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.
- F3On November 14, 2016, Mr. Hovde, the reporting person, sold 3,816 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $105.00 to $103.05.
- F4Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to Financial Institution Partners III, L.P. ("FIP III"). On November 14, 2016, FIP III sold 3,884 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $105.00 to $103.05.
- F5Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to FIP III, which, after the transactions reported on this line, owns 34,200 Shares. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 14,045 Shares.
- F6On November 15, 2016, FIP III sold 1,527 shares at prices ranging from $104.05 to $103.80.
- F7Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to FIP III, which, after the transactions reported on this line, owns 32,673 Shares. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 14,045 Shares.