SEC Form 4 · accession 0001019973-16-000020
EPLUS INC · PLUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric D Hovde
Director
Period of report
Nov 16, 2016
Accepted (ET)
Nov 18, 2016 · 6:32 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 16, 2016 | S | 7,500 | $103.79 | D | 116,122 | D | |
| Common StockF2,F4 | Nov 16, 2016 | S | 2,673 | $103.79 | D | 44,045 | I | Footnote |
| Common StockF2 | Nov 17, 2016 | S | 7,500 | $105.12 | D | 108,622 | D | |
| Common StockF2 | Nov 18, 2016 | S | 12,500 | $106.26 | D | 96,122 | D | |
| Common StockF2,F8 | Nov 18, 2016 | S | 4,045 | $106.26 | D | 40,000 | I | Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On November 16, 2016, Mr. Hovde, the reporting person, sold 7,500 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $103.00 to $104.05.
- 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 November 16, 2016, FIP III sold 2,673 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $103.00 to $104.05.
- F4Mr. Hovde is the managing member Hovde Capital, Ltd., the general partner to FIP III, which, after the transaction reported on this line, owns 30,000 Shares. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 14,045 Shares.
- F5On November 17, 2016, Mr. Hovde, the reporting person, sold 7,500 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $103.45 to $105.60.
- F6On November 18, 2016, Mr. Hovde, the reporting person, sold 12,500 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $105.58 to $106.65.
- F7On November 18, 2016, The Eric D. and Steven D. Hovde Foundation sold 4,045 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $105.58 to $106.65.
- F8Mr. Hovde is the managing member Hovde Capital, Ltd., the general partner to FIP III, which owns 30,000 Shares. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which, after the transaction reported on this line owns 10,000 Shares.