SEC Form 4 · accession 0001019973-16-000026
EPLUS INC · PLUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric D Hovde
Director
Period of report
Dec 15, 2016
Accepted (ET)
Dec 16, 2016 · 3:03 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 | Dec 15, 2016 | S | 1,751 | $116.36 | D | 48,579 | D | |
| Common StockF2,F4 | Dec 15, 2016 | S | 2,251 | $116.36 | D | 32,599 | I | Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 15, 2016, Mr. Hovde, the reporting person, sold 1,751 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $115.75 to $117.35.
- 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 December 15, 2016, FIP III sold 2,251 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $115.75 to $117.35.
- 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 22,599 Shares. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 10,000 Shares.